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Should You Reward Bad Ideas?
Some ideas are crazy. Some are underdeveloped. Some will fail. How can you deal with them without squelching your employees’ creativity? True or false: There’s no such thing as a bad idea. Of course bad ideas exist. In retrospect, the AOL–Time Warner merger was not the wisest idea. Neither is photocopying your face. But ask any…
Read MoreCreating Cross-Divisional Innovation Cohesion
R&D, Marketing, Sales, Finance, IT – you’re familiar with the most common departments within a standard company, and have likely been involved with one or more. You know it can be a real challenge for unalike minds to understand where each other is coming from regarding any number of topics within a project. As an…
Read MoreHow Do Apple, Ford, and Microsoft Survive In The New Economy While Others Crash?
Why innovation is the key component for dealing with the new economy. Six out of ten new businesses fail. Unemployment isn’t getting any better. The housing market is bracing for another bump in the road next quarter. And, as if the cake needed icing, the FDIC reports that about half of America’s banks — including…
Read MoreDo Your Innovation Emperor, Rules & Idea Management Help or Hinder the Process?
In the pursuit of innovation, many “enlightened” companies try to follow what they believe are established morays and best practices. They install someone to manage new product development or innovation. They set up a litany of rules. And they select only the “best” ideas for further development. Then they wonder why innovation falls fallow. A…
Read MoreOwnership: Are You Taking Responsibility?
In order to achieve Innovation, a champion within an organization must take Ownership – one of Robert’s Rules of Innovation imperatives. The champion, whether an officer or executive manager within the company, has the responsibility of convincing others to work outside their comfort zone, even if they are resistant to change. To take Ownership, the…
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