Innovate or Stagnate
A leader’s pursuit of improvement relies on fostering initiative and innovation. Without them, progress and profitable agility are not possible. It’s either innovate or stagnate. Innovation doesn’t require you to understand the future; it requires that you understand your customers’ evolving needs and goals, and how your business must operate to fulfill them better than anyone. These steps nurture initiative and innovation: 1. Communicate that innovation is a “must-have.” Allocate time for individuals to spend on innovation. Encourage them to challenge widely-held assumptions and discount those that inhibit curiosity and creativity; listen to each …