Making it possible for employees to create and contribute in creative ways taps into the highest level of human fulfillment and results in maximum satisfaction.
Leading an innovation group is different from leading other areas of an organization. The right leadership of an innovation group can make the difference between whether an organization innovates successfully or not.
In an effort to be innovative, organizations will often pursue a complicated idea rather than a simple one. However, sometimes the best innovative idea is one that is simple — simple to execute and simple for the intended market to understand.
When faced with the decision of whether or not to invest in an innovative idea, managers often measure the cost of the incremental investment. However, the error in this analysis is that it doesn’t take into account the cost of doing nothing — the cost of standing still.