Innovation can make or break the success of a company. During the COVID-19 pandemic, business owners are thinking outside the box to find new ways of reaching and retaining customers. When creating an innovation strategy, consider internally and externally prioritizing collaboration. This helps you turn valuable resources into a competitive advantage. It brings everyone together … Continued
An innovation culture adds value to an organization. Leaders and employees want to create an environment where they can freely share ideas, collaborate, and experiment. Though creating this type of culture may sound simple, it often is not. Idea sharing and collaboration are fun aspects of innovation, but there is another side that must be … Continued
Australia’s Western Power sits in a unique place. One of its innovation hub’s leaders, Brendon Nicatee, describes it as “half public, half private.” While it’s entirely owned by the West Australian government, and is the sole power operator for the region, by necessity, it needs to please any number of stakeholders. They range from the … Continued
Risk is often considered a crucial aspect of innovation, but it is not necessarily what drives success. Research shows an aversion to risk can spark creativity. In his book, Originals: How Non-Conformists Move the World, Adam Grant discusses how those who are not risk-takers can drive progress. Grant’s findings revealed original people are not “big risk-takers.” Rather than … Continued
Disruption is what drives innovation and positive change. Successful innovation strategies include the forward-thinking mindset that helps you move beyond the status quo and develop new ways of thinking. Embrace Change Change is inevitable. It is what keeps businesses moving forward, and helps them gain momentum in times of upheaval. Moreover, change removes the ‘back … Continued
Jessica Day