The US Department of Energy announced last week that culture improves R&D lab performance by as much as 20-30 percent.
InnovationOne, LLC is delighted to have participated in this joint project with the DOE’s Ethos Project team to demonstrate the high correlation between culture and R&D lab performance. The results are outstanding: a one-point difference in a lab’s innovation culture score as measured on a 100-point scale corresponded with a 20-30 percent increase in performance of key R&D outcomes. Indeed, culture improves R&D lab performance.
The InnovationOne Culture Index© was used to measure the cultures of six different US Department of Energy Labs in the Ethos Project Study.
These results closely match our breakthrough research with the private sector. Companies that score in the upper quartile of the InnovationOne Culture Index© have an average of 22 percent higher financial outcomes than those in the lower quartile. Whether in the public or private sector, cultures of innovation lead to higher performance and financial results.
Read the press release and watch the video from Idaho National Labs of the US Department of Energy. The release is titled A NEW ETHOS: INL LEADS STUDY OF INNOVATION CULTURE AT SIX NATIONAL LABS.
Culture improves R&D lab performance by as much as 20-30 percent and the financial performance of private firms by as much as 22 percent.
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About InnovationOne®, LLC.
InnovationOne®, LLC helps organizations worldwide build a culture of innovation and make it sustainable. InnovationOne® uses a scientifically developed assessment to measure, benchmark, and improve your company’s culture and capability to innovate and enjoy better outcomes and financial results. Companies scoring in the top quartile of our InnovationOne Culture Index© reported higher financial performance than bottom quartile performers by 22 percent. Our latest research shows that R&D Labs can improve their performance by 20 to 30 percent with higher innovation culture scores. Measure and ignite your culture of innovation.
About Victor Assad
Victor Assad is the CEO of Victor Assad Strategic Human Resources Consulting and managing partner of InnovationOne. He works with companies to transform HR and recruiting, implement remote work, and develop extraordinary leaders, teams, and innovation cultures. He is the author of the highly acclaimed book, Hack Recruiting: the Best of Empirical Research, Method and Process, and Digitization. Subscribe to his weekly blogs at www.VictorHRConsultant.com.