How great leaders accelerate innovation through meaning

first_img 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Why the need to accelerate innovation?“No company in the future will be in a position to succeed if it squanders the imagination of its employees.”Professor Gary Hamel, co-founder of the Management Innovation eXchange (MIX), and the M-Prize: Innovating Innovation Challenge.Hamel says innovation is one of the most important and difficult challenges facing business around the world.At the same time, innovation is a vital capability for companies because it is the:> only insurance against irrelevance> only antidote to margin-crunching competition> only way you can out-perform a dismal economy> only way to build enduring customer loyalty.Yet, he says, “I don’t think there’s one company in a hundred that makes innovation the work of every single employee, every day.”He identifies three reasons why organizations aren’t truly innovative, from top to bottom: continue reading »last_img read more