A good reason for innovation

[mouakter13]

be considered. In 2011, Harvard Business Review turned some heads when it published a list of nine elements that they called “Critical Success Factors .” Here is their list:

An innovation strategy that everyone agrees on
Senior management involvement
Team-based decision making that supports passionate leaders
A talented and creative team
An open approach to market change drivers
The willingness to take risks, even if it's absurd
Flexible execution parameters
Are you missing something in all this? There is no mention canada phone number data of money, profitability, or anything financial. Some might scoff at that observation, but what seems to be indicated here is that making money is typically a non-factor in true innovation.

Sure, if you innovate effectively, you'll most likely make money. Just look at Apple . They started out making computers, but then innovation happened, and they created the smartphone industry as we know it. Now, their net worth is over $900 billion .

And the evidence of innovation through a positive environment just adds up the longer you look. Here's a great example that was shared regarding how credit unions innovate in the highly competitive banking industry.

Innovation
Innovation (Image source: Ezassi )
Again, very little of this procedure has to do with making money. Even then, it focuses on “ideas or improvements that can be implemented in the shortest possible time, with the highest return.” That doesn’t sound like a reduction in employee benefits to me at all.