Tag: Best Practice

Building a Culture of Value Creation

Innovation culture

Innovation cultures are essential in the workplace. They help sustain innovation and improve outcomes. Building value is one of the best methods for ensuring future success. Establish innovation behaviors and norms that create a communicative environment rich in imagination and collaboration. Innovation should come from the top-down and bottom-up. It is felt in every aspect … Continued

What Is the Cost of Ignoring Change Management?

Change management

Change is necessary for innovation to occur. If managed well, it is effective, but if managed incorrectly, it can be worse than no change at all. Change management requires a well-developed strategy. Failing to create one can result in high cost and significant loss. Here’s what you need to know. What is change management? Change … Continued

What the U.S. Treasury is Learning from Its Blockchain Projects

Piggy bank

Government innovation needs a different path and approach than in the private sector. It’s something the Office of Financial Innovation and Transformation (FIT), in the Treasury Department’s Fiscal Service Bureau, knows well. As they begin working to implement their first blockchain project, a better tracking method for federal grants, here’s what they’ve learned. It Takes Time The … Continued

How COVID-19 Has Impacted the 5G Rollout

Cell phone tower

The COVID-19 pandemic has hugely impacted the need for 5G technology. As the way people communicate has changed, companies like Motorola and Qualcomm have bolstered their product development strategies. With so many businesses turning to remote work, technology companies are rethinking how to bring 5G to the masses. They are quickly reacting to challenges in … Continued

What Are the Characteristics of a High-Performance Organization?

Wild horses

Performance is an important part of innovation management. You need a way to tell if your organization is performing high, low, or somewhere in the middle. A high-performance organization possesses common traits that set it apart from the rest. Here are some of those characteristics and how you can benefit from them. What is a … Continued