Change management is a crucial part of innovation. Organizations must keep moving forward for transformation to occur. Universities are responsible for driving innovation. One 2018 study revealed funding for university research grew more than 5.5% each year over a ten year period. New York University (NYU) is a perfect example of how to successfully enact change. … Continued
The COVID-19 global pandemic led to a shortage of products such as face masks, hand sanitizer, and toilet paper. While those are not products that can be reused, it may be possible to sanitize and reuse others like certain types of personal protective equipment (PPE). As the pandemic continues, companies are exploring the possibility of … Continued
We’re on the cusp of substantial changes in transportation. Working remotely will become more commonplace; internal combustion is giving way to electric vehicles; self-driving technology is expanding; connectivity technology will network vehicles while presenting new cybersecurity challenges; multimodal travel is drawing attention from commuters and travelers; and as more data about how and where we … Continued
So you’ve created an innovation culture and have a way to efficiently manage idea sharing. The next step is implementing the resulting initiatives. When figuring out how to implement innovation in an organization, look at all employees. Oftentimes, the best ideas come from individuals who are on the frontlines. They work directly with the customers, … Continued
No matter how much technology has evolved over the years to help us work faster and smarter, it can also be a very disrupting force, compelling organizations to either adapt to these changes or get left behind. To cope with this ever-changing business environment, companies are investing more in programs that aim to drive innovation … Continued
Jessica Day