or a lot of obvious reasons, innovation has become the new catchword in business. Recent research by McKinsey reveals that there is a wide gap between the aspirations of executives to innovate and their ability to execute. 70% of senior executives say that innovation will be among the top three drivers of growth in the next three to five years. In addition, 94% say that people and culture are the most important drivers of innovation.
Now it’s time to learn how to leverage your employee’s differences to generate organizational growth and positive business results.
The best predictor of innovative performance is supportive leadership. The top motivators of innovation behavior is strong leaders who encourage and protect innovators along with great managers who actively manage it. Rewarding nothing but short-term performance and maintaining a fear of failure inhibits a culture of innovation.
Innovation is a big idea with big potential. Like all big ideas. it takes work to make it happen. Having the aspiration means little until the decision is made that execution is critical. Remember, innovation lies at the intersection of creativity and deliberate diversity. Are you ready to take that step?