Want to ensure your organization will thrive over the long run? If so, then your next CEO must have these four traits – 1) relentless focus on the long-term future; 2) inherently entrepreneurial mindset; 3) solid grounding in reality and the fundamentals of business; and 4) behavior of a consummate diplomat.
Leaders need to develop a ‘habit of knowledgeability,’ according to Haydn Shaughnessy, who has written extensively on change and innovation for Forbes, WSJ, InnovationManagement and HBR, among other noteworthy publications. In this article, Harun Asad expands on this notion and suggests how to build and implement a strategic intelligence platform that facilitates advancing innovation.
The use of innovation management increases your operational margins. This was one of the key findings of a European study on Innovation Management performance within SMEs. The growth champions were reaching approximately 12% operational margins, an exceptional performance compared to the 5% operational margin of the average SME. In this article Dr. Dirk Balfanz and Dr. Bernhard Kölmel describe a lean and efficient approach to Innovation Management specifically targeted to the needs of SMEs.
If you want to make the most of the innovation potential of your employees, you need to encourage and promote the use of imagination. Jeffrey Baumgartner shares some techniques to stretch your team.