InnovationOne, LLC is delighted to have participated in this joint project with the Ethos Project team to demonstrate the high correlation between culture and R&D lab performance. The results are outstanding: a one-point difference in a lab’s innovation culture score on a 100-point scale corresponded with a 20-30 percent increase in performance of key R&D outcomes. Indeed, culture improves R&D lab performance.
These results closely match our breakthrough research with the private sector. Companies that score in the upper quartile of the InnovationOne Culture Index have an average of 22 percent higher financial outcomes than those in the lower quartile. Whether in the public or private sector, cultures of innovation lead to higher performance and financial results.
Our compliments and sincere appreciation to Jason Stolworthy and James Keating, MBA M.Eng. CLP at the U.S. Department of Energy at Idaho National Labs, and Laszlo Gyorffy MS of IdeaScale.
Read the press release and watch the video from Idaho National Labs of the US Department of Energy.
Culture improves R&D lab performance by as much as 20-30 percent.
About InnovationOne®, LLC.
InnovationOne®, LLC helps organizations worldwide build a culture of innovation and make it sustainable. InnovationOne® uses a scientifically developed assessment to measure, benchmark, and improve your company’s culture and capability to innovate and enjoy better outcomes and financial results. Companies scoring in the top quartile of our InnovationOne Culture Index© reported higher financial performance than bottom quartile performers by 22 percent. Our latest research shows that R&D Labs can improve their performance by 20 to 30 percent with higher innovation culture scores. Measure and ignite your culture of innovation.