Top reasons why innovation is not working for you:
No budget (41%) and no interest (41%) - you said in a recent poll I asked on Linkedin.
The (lucky) rest of you has no barriers to innovate. 🚀
I lead innovation in EY's core business services in the Europe West region. I learn tons from the innovation enthusiasts, who book my agenda for shorter or longer slots. Every week, several times a week, we discuss new ideas and approaches.
My learning on what matters in corporate innovation:
(And they push both budget and interest.)
➡️ Promoting curiosity
We have more questions than answers.
This pushes us to learn new stuff a life long.
➡️ Living diversity
People with different backgrounds and understanding bring different perspectives to the table. Ultimately, we get more creative and make better decisions.
➡️ No risk, no fun
My most difficult learning.
But we will fail, and fail forward.
➡️ Psychological safety
I say it a lot, I will say it more.
It's the base for trust, it creates space to challenge and grow together.
The world's 50 most innovative companies bring more value to shareholders: BCG says they outperform the MSCI World Index on shareholder return by 3.3 ppts per year. It's more than worth doing it right.
I also learned that driving an innovation culture is about embracing change, promoting diverse voices, and creating a healthy environment for curiosity and risk-taking to thrive.
What are your learnings? How do you drive innovation?
Comments