How Small Rewards Drive Innovation An intriguing study finds smaller rewards motivate employees to generate better ideas. Will Yakowicz Inc.com What rewards do you offer employees for their disruptive ideas? If it’s half the value of the idea, you may be spending too much, and end up with too many ideas. Yes, there is such a
Category Archives: Internal Innovation
How Thomson Reuters Is Creating a Culture of Innovation By Ron Ashkenas and Cary Burch Harvard Business Review 2 October 2014 It’s not easy for big companies to discover innovation. As Steve Blank, Clay Christensen, and many others have pointed out, once firms reach a certain size, most of their resources (and investment dollars) are
One universal truth can clearly be seen about innovation in universities, startups, and corporations – innovation is driven by the individual and supported by the corporation. Identify the Individuals who Drive Innovation In Jeffrey Babin’s article published in the Wharton Entrepreneurship blog, he makes the case that it is extremely important to identify those key
As we talk to the Innovation Leaders at many companies worldwide, we are hearing about many different ways that enterprises interact with entrepreneurs, and the many different goals for interacting with them. This article, from Forbes Magazine, and reposted in Innovation America, does a great job of describing the
What’s a line manager with a great idea to do? They go through the corporate budget process, which takes time, and runs on a very specific timeline, and if they get told not this year, it can take another year before it gets considered. So while we at VisionMine strongly suggest having innovation budgets and
When most people think about innovators, an image of a young person toiling away in their garage or dorm room comes to mind. But in fact, innovation comes from those much older. For example, the average age of discovery of Nobel Prize winners is 38, and even more interestingly, it can take 20 more years
The GE Global Innovation Barometer, now in its third year, explores how business leaders around the world view innovation and how those perceptions are influencing business strategies in an increasingly complex and globalized environment. This year’s study examines what factors business believe to be drivers and deterrents of innovation and analyzes specific approaches and policies
It can be hard to get a big, slow company to change its ways. It’s the efforts of courageous intrapreneurs that can change their trajectory. The key is to make your company a place where intrapreneurs can thrive. Read the article from Fast Company.
LinkedIn has recently taken the concept of “intrapreneurship” to a while new level. By launching [in]cubator, they are enabling employees with a good idea to make a pitch, and if selected, incubate them for three months to develop the project. http://www.fastcompany.com/3003818/linkedin-launches-incubator-turn-employees-entrepreneurs