“All organizations need one core competency: innovation.”
–PETER DRUCKER, MANAGEMENT CONSULTANT
Big ideas have always been at the core of changing how the world works and lives. We live in a time when people who have new ideas – and understand how to eliminate challenges, limitations and barriers – can launch their ideas, products and services directly to consumers in the marketplace. Today, companies compete, side-by-side, against other known industry rivals as well as consultants, entrepreneurs, start-ups and a whole host of other “disrupters” and types of business in a more complex, competitive business landscape.
Last week’s post explored how to cultivate and kick-start 2018 with an innovative, growth mindset. Now let’s focus on the need for established businesses to look inward to spot and nurture your organization’s intrapreneurs – individuals with an entrepreneurial mindset – people who already work within your company.
The bottom line? Invite input from internal stakeholders to help the organization break through to the next level of growth. Take the time to teach your employees to think like Drucker. Demystify innovation to empower teams to explore what is required to achieve innovation. Why? Innovative thinking is teachable and it is core business strategy needed to maintain a competitive advantage and ensure sustainability of your company. In 2012, a study concluded there was a positive relationship between the performance of the company and the number of intrapreneurial individuals within it.
Here is a curated list of resources to help you explore and introduce some big ideas regarding the topic of innovation to your organization:
- Ten Types of Innovation (Introduction and Topic Overview)
- Demystifying Innovation: Take Down the Barriers to New Growth (2011)
- How to Create a Culture of Innovation and Help Your Business Thrive (Article)
- Innovation Begins At Home: Empowering Employees to Drive the Business Forward (Article)
Perhaps your organization’s management team further along in the innovation conversation? Check out these resources:
- What Your Innovation Process Should Look Like (article)
- Finding Your Company’s Second Act (article)
- 10 Rules for Strategic Innovators: From Idea to Execution (book)
Why Transform? We partner with you to offer customized, collaborative, visionary, solutions that improve the way your business does business. We focus on how your strategies can solve disruptive business challenges, ways to transform your business, grow revenues and reduce costs. Our commitment? Partner with you, and your team, on the bold, courageous journey of transformation. Reach out to us if you are ready to connect and learn how we can help you advance your of strategy into actionable goals.