Only 12 percent of HR respondents have a regular cultural assessment strategy for assuring their workplace culture stays on track, according to a 2021 Talent Management State of the Industry survey. This result is extraordinary because having a toxic work culture is ten times more likely than low pay to cause employee turnover. What then [...]
Andrew Burak, the CEO of Relevant, shared his belief that without an active innovation culture, organizations fall into stagnation and lose to more innovative competitors. Today’s supply chain crises from Covid-19 and the Ukrainian – Russian war require ongoing organizational agility, innovation, and speed. The culture of innovation boils down to perceiving creativity as [...]
Many executives we speak with about improving the innovation of their companies ask us how to open the minds of their CEOs to transform their organizational cultures. Many CEOs fear that culture is too soft to manage. Innovation feels like groping in the dark, and it requires dedicating money and employees to innovation projects. [...]
By Victor Assad, Managing Partner of InnovationOne. Many organizations trying to fight falling employee engagement numbers are making a mistake. Frankly, now is not the time to deal with such matters. Instead of launching another employee engagement survey, listen to your employees’ frustrations and begin to work through them in a very transparent way. Then, [...]
There is long-standing empirical research demonstrating how corporate culture improves organizational innovation, productivity, and profit. Now, evidence is emerging that healthy organizational cultures are also the best way to beat the Great Resignation. Two weeks ago, MIT researchers uncovered that toxic organization cultures drive employee turnover 10 times more than pay. This is startling [...]
Innovation remains a priority for CEOs because innovation improves business and financial outcomes. We learned from our extensive research over 20 years and the publishing of over 25 academic, peer-reviewed articles, and our consulting practice that highly innovative companies have seven traits. The most successful companies practice these traits tirelessly. Our research at InnovationOne reveals that [...]
In their most recent academic article, InnovationOne, LLC, Founder C. Brooke Dobni, and two co-authors, uncover why highly innovative Japanese firms are more competitive and achieve greater performance than their less innovative counterparts. Their findings closely match their earlier research on how highly innovative firms in North America and Europe are innovative. Most innovation [...]
The strategy shift framework, a new model for the practice of strategy, considers strategy and innovation as two sides of the same coin – conceptually exclusive, yet interdependent. At the core of the strategy shift framework is the 10 percent rule. Companies should reduce or eliminate activities of low value by 10 percent and [...]
The secret of successful innovation is not simply innovating, it’s embracing innovation. In today’s era, innovation should be shared and promoted internally just like your brand is across the globe. In this Master Class, Victor Assad of Innovation One and Arthur Liberian of Planbox will uncover how highly innovative organizations disrupt the market today [...]
Even in the normal times of the 2010s, before the pandemic, the business world was disruptive and innovation was difficult. We had many vice presidents of research and development, digital transformation, innovation, and marketing come to us asking, "Can you get our CEO to focus more on innovation?" "What prevents such a focus?" I always asked. [...]
