Academic research provides abundant empirical evidence suggesting that corporate and socio-economic policies tolerating failure, both at individual and firm levels, foster innovation. For example, labor laws limiting firms’ ability to discharge employees at will… 556 more words
Tags » Culture Of Innovation
Recently, I described academic studies suggesting that corporate innovation is fostered by labor laws that limit firms’ ability to discharge employees at will. These studies provide support to the idea that the best way to encourage risk-taking and experimentation is not to “celebrate failures,” but to remove the proverbial 334 more words
The idea that innovation involves experimentation—and experimentation often results in failures–has gradually crawled to the forefront of our thinking about the innovation process. It became fashionable to quote Amazon’s Jeff Bezos as 619 more words
Check out my article in Chief Executive Magazine, with Ataman Ozyildirim of The Conference Board, “CEOs Must Do These 3 Things to Turbocharge Innovation”.
Across the globe, one business challenge has the ear of CEOs like few others: innovation. 86 more words
Innovation is what most businesses aim for no matter what industry. In fact, a lot of today’s most successful businesses were founded on innovation. Look at Apple and Microsoft; both companies started from ideas that seemed impossible at the time they were established. 546 more words