Don't Use These 3 Phrases If You You Want to Foster Innovation at Your Company
Summary
Most companies, however, still struggle to jump start innovative thinking because they overlook the small details embedded within an organizations culture: the everyday, ritualistic occurrences that subliminally signal to employees that they shouldnt spend time exploring a new idea, let alone bring it up to the rest of their team. Everyone who has conducted a ROI analysis to justify spending on a project knows that it signifies a theoretical number that doesnt necessarily reflect the reality of the value. An organizational culture that understands and fosters this principle has a better chance of developing breakthrough ideas, as it allows them to put a pulse on potential risk, while simultaneously providing the space to experiment with new solutions. However, problems emerge when a strategy, which is based on months of research, model development and market analysis, becomes inflexible to the realities of the world we currently live in. The end result will be a more open, collaborative and ultimately innovative organization that is better position for generating ideas, products and/or services that the world has never seen before.
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