Gallup’s insightful State of the Global Workforce reports have galvanized interest among executives about the value of employee engagement. Ever since Gallup began to measure employee engagement in 2000, however, the needle hasn’t moved much. Starting with Gallup’s first report, actively engaged employee scores have ranged from 13% to 20% and disengaged employee [...]
Innovation remains a continuing concern for CEOs. Highly innovative companies, such as Tesla, Salesforce.com, and Alexion Pharmaceuticals, garner the admiration of others. Many executives, however, tell me that their CEOs resist taking steps to improve innovation for fear that their organizations will lose focus on current operations and miss their financial goals. Becoming a highly [...]
Startup founders often feel pressure to chase rapid growth at any cost. So it is notable that one new program urges them to think small. In an era of startup accelerators, the Good Work Institute, a free business-education program for entrepreneurs with modest-sized firms, might best be called a decelerator. Run by Etsy.org, the philanthropic [...]
I recently had the opportunity to mix with dozens of 3Mers at The Conference Board’s 4th Annual Master Class on Innovation, held at the 3M Innovation Center in Maplewood, MN. 3M has a long, glorious history of innovation and is famed for its culture of allowing employees to spend 15% of their time on innovation. [...]
Innovation continues to be a hot topic with CEOs. According to Mike Maddox, founder and CEO of Maddock Douglas, 84 percent of CEOs believe they need to improve innovation within their companies. We have found that creating an organizational culture of innovation is the foundation for sustaining ongoing innovation within a company, maintaining a competitive [...]
Managing Partners Ed Colby and Victor Assad will be available to discuss the scientific research at the foundation of the InnovationOne Health Index, and how it identified the four organization dimensions of innovation, the 12 drivers of innovation, and the six traits of highly innovative companies. The Conference Board's 4th Annual Master Class on Innovation is at [...]
The term “open innovation” was coined by University of California, Berkeley, professor Henry Chesbrough when he authored a book with the same title. According to Professor Chesbrough, “Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectfully. [It] assumes [...]
Should innovation be its own profession in large organizations? Can pharmaceutical, biotech and green tech innovation occur without incubators? How do companies continually renew themselves in our fast changing, fourth industrial revolution[i]? Is the triple Helix for innovation really a quintuple Helix? What are the drivers and tools of an innovation culture? These discussions and [...]
Does demographic diversity lead to more innovation, or is it just so much talk? In my own experience, the answer is yes, especially when organizations have educational, business professional, and cultural diversity. Successful demographic diversity requires that management spend more time establishing group norms for communication, conflict resolution, and team operations. When setting up new [...]
We are naturally inclined to cheer on a dramatic success and reward the winning outcome - the basketball player who makes the game winning shot at the buzzer, or the salesperson with the highest sales. When a success is big and dramatic, easily measured, or highly visible, it is easy to reward with applause and [...]
