It is neither the business models nor the products that are innovative, but rather the minds behind them. Hence, nurturing a culture where people are willing to generate and execute on creative ideas is an essential skill for every innovation leader.
Fostering a sense of ownership among employees can unleash tremendous capacity for innovation, says Edward Glassman. Like franchisees, who own their independent businesses but operate within a well-defined structure or system, empowered employees tend to be more entrepreneurial and committed to helping the organization to thrive.
In today’s “knowledge-based” society, it is becoming increasingly imperative for companies to “mine” knowledge and technology generated by universities. Why? Because the outcome of such industry-university collaborations help companies create new activities and jobs.
Does disciplined innovation really create the big new idea? Do we need to allow for more "random creativity?"