Higher innovation culture scores dramatically improve performance

A higher innovation culture score at R&D Labs leads to dramatically higher organization performance. That is the conclusion of a joint study by InnovationOne® and the US Department of Energy (DOE). The study hypothesized that the higher the innovation culture scores…

Engagement is higher for organizations that focus on culture

Gallup reported this month that US employee engagement has dropped in each of the last two years, from 36 percent in 2020 to 32 percent in 2022. However, employee engagement is higher for organizations that focus on culture. Gallup’s reporting…

Organizations can do better than employee engagement

A global client confided in us that they suspended their annual employee engagement surveys for three years to save costs due to an economic downturn. Now their business is growing again, and they plan to restart their surveys. Instead, we…

Your corporate culture may be the No. 1 cause of employee turnover

Only 12 percent of HR respondents have a regular cultural assessment strategy for assuring their workplace culture stays on track, according to a 2021 Talent Management State of the Industry survey. This result is extraordinary because having a toxic work culture…

Creating a culture of innovation is essential today

Andrew Burak, the CEO of Relevant, shared his belief that without an active innovation culture, organizations fall into stagnation and lose to more innovative competitors. Today’s supply chain crises from Covid-19 and the Ukrainian – Russian war require ongoing organizational…

Managing culture and innovation improves real numbers: your bottom line.

Many executives we speak with about improving the innovation of their companies ask us how to open the minds of their CEOs to transform their organizational cultures. Many CEOs fear that culture is too soft to manage. Innovation feels like…

Biden changes visas to retain more foriegn STEM workers. More action needed.

The Biden Administration changed US visas to retain foreign STEM students in the United States, adding 22 new eligible degree fields last Friday, Jan. 21. These new fields included data science and financial analytics. STEM industries should celebrate these additions…

Seven traits of highly innovative organizations that drive improved financial performance

Innovation remains a priority for CEOs because innovation improves business and financial outcomes. We learned from our extensive research over 20 years and the publishing of over 25 academic, peer-reviewed articles, and our consulting practice that highly innovative companies have…

The seven percent solution for successful change

As many organizations implement new hybrid work models, improve their sustainability, try to enter new markets or work to realign their cost structures, executives wrestle with implementing change successfully. It is important for them to understand that more than 70…

Becoming innovative during urgent times

Innovation has long been a priority for many CEOs. Now, the pandemic has added new urgency to the quest: COVID-19 has driven a jump of 10 percentage points (to 75 percent) in the share of companies reporting innovation as a…