How McKinsey’s Organizational Health Index Relates to Innovation

How McKinsey’s Organizational Health Index Relates to Innovation

McKinsey’s Organizational Health Index (OHI) is a powerful tool that organizations can use to improve their effectiveness and management’s performance. Sunshine Coast Credit Union (SCCU) in Canada used OHI to identify areas for improvement in their organization. They identified bottom-up innovation as their weakest area and launched an innovation management platform through which 95% of the workforce participated in an initial call for ideas. Since gathering ideas, they have seen substantial improvement in their bottom-up innovation score, with an average of at least one idea submitted for every employee and a 20% implementation rate. This success was due to their trust in the survey results, use of an innovation management platform, high engagement, and delivery on employee ideas.

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More Innovation Resources:

What is Design Thinking: Ways to Define Design Thinking |

Design thinking is a customer-centered approach to innovation that involves problem-solving, empathy, experimentation, collaboration, and a human-centered focus.

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Open Services Innovation

Innovation management and service offerings can help companies escape the commodity trap, as seen in the transformation of GE Aviation’s business model to offer engine maintenance and repair services through their ‘‘Power by the Hour’’ pricing model.

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Born in the USA - 5 American Innovations that Changed The World

Born in the USA - 5 American Innovations that Changed The World

This article takes a look at some of the innovations that have shaped our modern world, originating from the United States of America.

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