This handy tool provides a way for employees to suggest ideas for improvement (a new market to go into, a new product to sell, or a new way of doing business). Using a simple template, it asks for five pieces of information that are important in evaluating whether the idea has merit. Leaders can tell …
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This tool lists 10 ways to encourage innovation. 1. Create a corporate venture fund, establish clear criteria for picking projects, and seed the fund with enough money to make people pay attention. Then promote it and see what happens. 2. Put together in-house teams to track the competition, with each team focusing on one product …
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This tool describes four key factors of new product development. First, if a new program or product isn’t to your liking, think twice before imposing your critical judgment on it. If people believe it will work, then you’ve got to embrace it until they’ve had a chance to prove themselves. It’s easy to say you …
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In my new book, The Leadership Equation I describe in detail the 10 practices needed to build high performing companies in a time of accelerating change. The sixth practice is “Stimulate Creative Flow.” I was reminded yesterday why this is so important as I facilitated a discussion about helping new supervisors and managers be successful. Why …
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People perform better when they are expected to perform better.
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