Lessons From Innovative Companies



Learn Management Articles on management-info.biz. Lessons From Innovative Companies article will help answer your questions on Management Articles.We at management-info.biz specialize in Management Articles. Management Articles at management-info.biz provides the most up to date news and articles. If you have questions please do not hesitate to contact us.

What do the companies 3M, Polaroid, and Walt Disney have in common? All have innovation in their blood. All encourage an innovative spirit at every level of their organization.

For example, 3M has a goal to derive 30% of revenues from products less than 4 years old. Research staff spend 15% of their time on projects of their choice. They are encouraged to mingle with customers, take risks and champion ideas. Out of this culture have come the famous Post-it notes and other very profitable products.

However, innovation is not the same as creativity. Creativity is an individual process. Everyone is capable of coming up with good ideas. Innovation, on the other hand, is a group process. Innovation results from bringing together the experience, skills, and wisdom of a group to convert good ideas into tangible products, services or processes.

It takes the technique of brain-storming to a much higher level---that of focusing the group's efforts to solve a specific problem or take advantage of an opportunity or improve performance. So how does a manager or team leader cultivate innovation in their organization? What can be done to take, for example, an idea for a painting and actually come up with the painting itself?

Here are a baker’s dozen strategies to build your team, department or your business innovative muscles.

  1. Establish brain trusts or innovation teams comprised of management, operations, customer service and other groups to openly explore problems and come up with solutions. Teach people specific creative thinking an problem-solving techniques.
  2. Go out and get information directly from your customers. Bring them together to evaluate your existing products and services in terms of their current value and potential value.
  3. Actively seek out, encourage, and reward innovation in your employees by having contests, special days, open office areas for brainstorming, etc.
  4. Sponsor in house trade show where employees share ‘how I did it’ stories on recent work accomplishments.
  5. Schedule regular meetings, open to all employees at all levels, to discuss issues and solicit ideas.
  6. Encourage the Edison factor---let people know it's OK to fail. Edison conducted 9000 experiments before developing a working light bulb. The important thing to emphasize is what is learned from a failure.
  7. Provide ways in which innovative ideas are transmitted to decision makers for feedback and implementation similar to what General Electric does in its "work out sessions".
  8. Have a creative corner or special area stocked with books, videos, learning games for people to engage in creative thinking on their own and company time.
  9. Ask people to focus their creative thinking each month on a specific issue. Recognize and reward all ideas that are submitted. Follow-up with what is being down with the ideas.
  10. Recognize the person or group each quarter that has made a significant contribution or solutions to important issues.
  11. Use daily reminders such as desk calendars, handouts, computer messages or posters that will nudge people to be more innovative.
  12. Bring people together regularly just to think and talk about issues and ideas. When people are relaxed, the vast mental resources of their subconscious can be put to work.
  13. Create a learning environment that recognizes and rewards ‘out of the box’ thinking and acting. On an operational level, this means constantly encouraging risk taking and innovation and tolerating mistakes and false starts.

Are some of these strategies already being done in your organization? Or does your team or department need to strengthen their innovation muscle? Which can they start doing right now? Start tapping the innovative spirit of your team, staff and even your customers.



Golf Tips, Golf Lessons- How To Break 80. - How to Break 80 is an instructional guide for golfers looking to get the best golf tips, golf lessons and golf instruction.
Fitness-eBooks.com. - Innovative weight training eBooks, covering rapid fat loss, muscle building, unique new exercises and powerful training programs.

   Japanese Prime Minister Naoto Kan defeated rival Ichiro Ozawa in the presidential election of ruling Democratic Party of Japan on Sep. 14 2010. Kan received 721 points while Ozawa had 491 points at the election. While Kan was strongly helped by party's supporters, Ozawa acquired 400 out of 812 DPJ's Diet members.



Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81


More Articles:


1. Take This Into Consideration Before You Write Your Mission Statement By Andrew E. Schwartz
What principles should a company keep in mind when developing a mission statement? Appropriate criteria must be chosen for defining the business. There are several alternatives for defining one’s services: by the products one produces, by unique resources that the company possesses, by a particular strength that the company has, by unique financial measures, or by needs that are met. Anyone who has to draft a mission statement should pretend that he or she is an advertising copywriter. “Tell t…
Credit Cards
Canvas Art

2. Problem-Solving Success Tip: Use Your Time for Problems that are Truly Important By Jeanne Sawyer
Use your time for problems that are truly important.Hard as it may be to walk away once you’re aware of it, just because a problem is there doesn’t mean you have to solve it. Ask yourself and your colleagues, “What will happen if we don’t solve this problem?” If the answer is, “not much,” then turn your attention to something more important. If you don’t know what will happen, find out before you undertake a problem-solving project. It should be clear to you and everyone else involved that the…

3. 11 Strategies on How to Work in An Open Plan Environment By Neen James
Many work environments now are open plan, with only a few senior managers having offices of their own. This style of work can have great benefits for team building – fostering cooperation and collaboration and can be wonderful for developing the social aspects of teams, but on the flipside, it can drive some people crazy and be damaging to productivity. Most open plan offices require large numbers of people to learn to work together in very close proximity, which can present challenges, partic…

4. Why Write Down Your Ideas?
Whether you're a manager, professional, or entrepreneur you need to think ahead. When you do it in a formal sense, it's called it planning, when you do it informally it's something like speculating.Whether you're planning or speculating, the exercise represents just the tip of the iceberg. For the plans or scenarios to amount to something, they have to be implemented. In turn, that usually involves other people.Which takes us to the subject of communication: How do you convert those ideas in you…