Cant Afford To Wait for 2021 Start Your Innovation Program

Cant Afford To Wait for 2021 Start Your Innovation Program

Waiting until 2021 to start an innovation program could cost your company in many ways. Technology disruptors are affecting every industry, and the rate of change is faster than ever before due to digital technologies. Building a culture of innovation is essential for making your company a disruptor instead of being disrupted. An innovation program should be comprehensive, built on a set timeline, goal-oriented strategy, and have a process to develop ideas. The program should also address the needs of employees to keep them engaged with the company. Disengaged employees can cost a company over $5 million per year through diminished productivity, absenteeism, turnover, and onboarding costs. When crafting strategy for an innovation program, management must try to address these needs to ensure that employees interact with the program meaningfully.

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More Innovation Resources:

Milestone Planning: What, Why and How

Milestones are critical decision points that mark the completion of major project tasks in project planning. It’s important to choose the right milestones to provide an accurate view of the project’s long-term health.

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Measuring Innovation Culture

Measuring innovation culture is a complex process, but there is a way to measure the attributes of innovation culture and develop those desired attributes. Innovation maturity is a combination of how well-embedded innovation is as part of the organizational culture and the capability an organization has, which should be measured to set a starting point for building a culture of innovation.

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3 Innovators of the 1800s Who Changed the World

Learn about three incredible innovators of the 1800s who changed the world: W.A. Burt, the typographer; Charles Fritts, the creator of modern solar cells; and Florence Nightingale, the founder of modern nursing.

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