In this video Jason English, Director at Al Laith, presents three key strategies for business leaders to nurture the innovative process in their organizations.
- Don’t let bias influence your business strategy; get feedback on projects from a cross-section of members within the organization.
- Pilot innovation outside your core operations so that the two do not come into conflict.
- Leverage data from idea jams (structured idea sessions with your teams) held within the organization, making sure to cross-pollinate along skill set, race and culture.
Innovation a Core Competency for Survival
Harry Clark, Bestselling Author and Advisor at Pathway Partners, LLC, shares three ways to develop innovation within an organization.
- The CEO should not be the only one responsible for innovating; by fostering a culture of innovation, you drive more ideas that percolate up, resulting in greater by-in.
- Make sure everyone understands that failure is part of the process, this gives people a sense of security which allows them to take risks.
- Delegate learning opportunities — your employees are there to learn, grow and be engaged.
The Innovation Mindset
Chief Executive Officer at Allan & Gill Gray Philanthropy Africa, Anthony Farr, shows you how to help innovators realize their full potential.
- Tell your talent to start with thinking, not action, to keep asking questions in order to see the world differently.
- Make time for experimentation and discovery even as you focus on replication of efficiencies of growth.
- Initial attempts aren’t going to hit it out of the park; allow time for innovation development which will lead to the breakthroughs that will future-proof your business.
Continuous Innovation
Stephen Forte, CEO at AI Motion, Inc. , offers advice on how to ensure your company is continuously innovating.
- Focus on what value you bring to the user rather than what your product does.
- Talented people want to be challenged and understand the scope of the business — instead of giving people tasks, give them a sense of ownership.
- Emphasize culture, not strategy. Build an agile culture that flows consistently rather than waiting for pivoting points.
Want to learn more about innovation? From 12-18 May, join us for YPO Innovation Week — seven days of in-person and digital events led by YPO members challenging conventional thinking.