In a study of 5,000 adults in the US, UK, Germany, France, and Japan conducted by Adobe about creativity, they came up with some interesting findings. To begin with, they asked every participant if they felt creativity was valuable to society and two-thirds of the respondents said “yes.” Perhaps even more significantly, 80% of them felt that unlocking creativity was critical to economic growth.
Successful organizations know the significance of innovation in business. Apple is a good example of how effective innovation management can improve your products and scale up your business. After reaching on the brink of collapse, it achieved new heights of success by implementing effective innovation management policy. The success of its innovative management strategies once again brought it in the league of leading organizations. If you are an entrepreneur who wants to learn from innovative management strategies of successful organizations, consider the following thirteen strategies.
One thing that successful companies usually have in common is their willingness to give their employees great perks and benefits. Having great workplace benefits increases the employee's willingness to go above and beyond for the company, which in turn benefits the organization.
Roughly only half of all companies conduct annual performance reviews. Of the fifty percent of companies that do tend to provide consistent and reliable feedback to their employees. However, it can be awkward at times to tell someone on your staff that they aren't doing a good job or attempt to offer constructive criticism without sounding condescending. What are some ways to make a performance appraisal more effective and less awkward for yourself and the employee?
Everyone likes to feel appreciated at work. In fact, studies have shown that employees are motivated to work harder when their boss shows appreciation for their work. For most employers, showing appreciation might mean promotions and pay raises, but those opportunities don't come along as often as we'd like to think.
There is little doubt that startups are dominating leadership discussion in many sectors of the economy, and have even become a source of admiration in popular culture. Whether driven by the hopes of “unicorn” valuations and lucrative exits or by the desire for more informal, collegial working environments, startups are more prevalent and attractive to existing and potential employees than ever. In fact, in a recent Accenture survey, only 15% of the class of 2014 would “prefer” to work for a mature, established organization.
The corporate industry is defined by its powerful, charismatic leaders who articulate their company's innovative measures through bold and confident public announcements. If corporate culture can be likened to the backbone of a business, then the leaders are like the vocal box. They take the reins during meetings, deliver presentations and speak at a variety of different conventions and gatherings. These individuals become the face of their industry, and would surely be described as extroverts by most.
According to a recent Gallup poll, around 31% of U.S. employees were engaged in 2014. Why are employees less engaged? Some of the blame is due to burnout at work. This burnout, characterized by severe mental and physical exhaustion, is leading to a lack of interest, reduced employee engagement and less work being accomplished. Most of the theories that have been devised in this regard suggest that the main cause is too much work and strain, but this might not be the case.
The power and freedom that entrepreneurs and their startups embody is reinforced through a constant stream of media highlighting success, purpose and (mostly bullsh*t) bucolic work environments. As the global economy improves, business leaders of established corporate organizations need to consider how they can introduce an entrepreneurial spirit. Intrapreneurs are the answer, and this article provides a high level overview.
When I meet with corporate leaders we invariably get onto the topic of their business challenges. Some reoccurring themes that are increased competition, cost / margin pressures, regulatory hassles, globalization, etc. However, the more recent discussions have centered around one theme. Talent.
In 2014, you did all the right things and your business began to take off like a Harrier Jump Jet. However, now that you’ve been cruising at a high altitude for awhile, you can either choose to stay on course or go to a new level of elite performance.
In part three of this series Anthony Ferrier considers why organizations are seeking ways to identify, engage and drive their employees towards innovative activities, with titles such as Intrapreneaurs, Innovation Catalysts, Innovation Champions, etc.
In part two of this series looking at ways organizations can support intrapreneaurs, Anthony Ferrier suggests a list of strategies and approaches to improve the effectiveness of intrapreneurs in your organisation.
Cast your mind back, to pre-2008 times, when bright and bushy tailed graduates would come out of business school looking for roles in the relevant employers of choice. Generally those organizations were large businesses, providing incentives such as expensive dinners, a career advancement path and generous financial packages.
As the global economy improves, many progressive HR leaders are focusing attention on better leveraging innovative activities from across the organization. The resulting new level of partnership and support not only enhance existing employee focused metrics (such as employee engagement), but also align HR / Talent more closely with generating direct financial impact and growth to the organization. This whitepaper provides a high-level overview of how these new approaches can work and steps to consider before proceeding.
