Remove 2006 Remove Benchmarking Remove Productivity Remove Recruiting
article thumbnail

3 Steps to Cultivate an Innovation Culture

Organizational Talent Consulting

The proven benefits of innovation include: increased competitive advantage improved operational productivity reduced costs and increased revenue improved commercial value enhanced problem-solving One modern innovation that is impressive to watch is SpaceX's reusable Falcon 9 (watch the video below). References: Beswick, C., Bishop, D., &

Culture 52
article thumbnail

What the Best Transformational Leaders Do

Harvard Business

How successful has the company been at creating new products, services, and business models? How have the firm’s growth, profits, and stock performance compared to a relevant benchmark (NASDAQ for a tech company, for example, or DAX Index for a German firm) during the transformation period? Core r epositioning.

article thumbnail

Why an Innovation Culture Matters

Organizational Talent Consulting

improved operational productivity. recruiting, rewarding, recognizing, and developing innovation champions. An empirical study of over 800 organizations found that effective innovation characteristics are not the same for product innovation and process innovation. reduced costs and increased revenue. improved commercial value.

Culture 52