Gallup’s insightful State of the Global Workforce reports have galvanized interest among executives about the value of employee engagement. Ever since Gallup began to measure employee engagement in 2000, however, the needle hasn’t moved much. Starting with Gallup’s first report,…
Category: Innovation
CEOs Can Have It All: Great Financial Performance and Innovation!
Innovation remains a continuing concern for CEOs. Highly innovative companies, such as Tesla, Salesforce.com, and Alexion Pharmaceuticals, garner the admiration of others. Many executives, however, tell me that their CEOs resist taking steps to improve innovation for fear that their…
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Old Fashion Collaboration Still Powers Innovation at 3M!
I recently had the opportunity to mix with dozens of 3Mers at The Conference Board’s 4th Annual Master Class on Innovation, held at the 3M Innovation Center in Maplewood, MN. 3M has a long, glorious history of innovation and is…
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Learning & Development’s Role in Innovation!
Innovation continues to be a hot topic with CEOs. According to Mike Maddox, founder and CEO of Maddock Douglas, 84 percent of CEOs believe they need to improve innovation within their companies. We have found that creating an organizational culture…
Strategy is Leadership! Strategy is Innovation! The advice of 10 experts on innovation.
In a world of constant change, technology breakthroughs, and globalization, company strategies need constant redefinition. This is the advice of Vijay Govindarajan, known as “VG” and the author of The Three Box Solution, speaking to the audience of the Front…
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Here’s How to Make Open Innovation Work!
The term “open innovation” was coined by University of California, Berkeley, professor Henry Chesbrough when he authored a book with the same title. According to Professor Chesbrough, “Open innovation is the use of purposive inflows and outflows of knowledge to…
Can You Fix a Broken Business Culture?
Or is it nearly impossible? Instead, should you just focus on fixing your business, and the rest will follow? These are the questions raised by a recent Harvard Business Review article by Harvard Professor Louis E. Kirstein and research associate…
Latest research and best practices on innovation revealed at ISPIM in Boston.
Should innovation be its own profession in large organizations? Can pharmaceutical, biotech and green tech innovation occur without incubators? How do companies continually renew themselves in our fast changing, fourth industrial revolution[i]? Is the triple Helix for innovation really a…
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Does Demographic Diversity Lead to More Innovation?
Does demographic diversity lead to more innovation, or is it just so much talk? In my own experience, the answer is yes, especially when organizations have educational, business professional, and cultural diversity. Successful demographic diversity requires that management spend more…
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Rewarding Success Comes Naturally. Do You Reward Failure in the Pursuit Of Innovation?
We are naturally inclined to cheer on a dramatic success and reward the winning outcome - the basketball player who makes the game winning shot at the buzzer, or the salesperson with the highest sales. When a success is big…
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