Rapid Growth
Do You Have An Innovation Culture?
Created on Saturday, 15 November 2008 04:04 Last Updated on Friday, 06 May 2011 11:37 Published Date Written by Small Business Can Hits: 977
Innovation does not happen; it must be planned for, organised and managed. Do you:
- Get constant feedback from and direct contact with customers (client panel)?
- Regularly review information from a wide variety of sources?
- Regularly hold brainstorming sessions with a group of people from different backgrounds?
- Have a budget for innovation?
- Make time for yourself or your staff to search for new ideas (for example, 3M allows R&D workers to spend 15% of their time on their own ideas and initiatives and has a rule that 30% of turnover must come from products developed in the last five years)?
- Have an “idea box” (like a suggestions box) with cash prizes if ideas are used by the business?
- Use project teams (made up of both technicians and sales people) to work with clients on specific ideas, with the team having the power and authority to implement necessary changes?
- Have a positive atmosphere in your business towards change?
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