An ‘innovation’ mindset welcomes change, continuous improvement, and exploration into uncharted areas of discovery. By adapting a forward thinking approach and utilizing tools and frameworks such as design thinking and agile methodologies, organizations can create an ‘innovative’ mindset that drives stronger growth. A survey by Accenture reported that in 2020, innovation leaders increased the revenue growth gap by 47% over the rest of the market, with a predicted gap of 115% by 2023.
Research by Boston Consulting Group demonstrated that the pandemic has highlighted the critical importance of innovation and at the same time identified a readiness gap. While 75% of executives surveyed placed innovation as a top-three priority, a 10% increase from before the pandemic, only 20% of companies are ready to scale innovation. Creating a culture of innovation does not stop solely at management levels, it requires the inclusion and collaboration of all employees, as well as a diversity of perspectives, backgrounds and skill sets.
Yet the new work environment brought on by the pandemic has created challenges for cross-collaboration and over 60% of managers feel that they haven’t effectively learned how to empower remote teams. So how do organizations foster creativity and innovation, and how do employees and job seekers embrace and participate in an innovative culture?
Join leaders as they share their personal and organizational initiatives, experiences and learnings in supporting organizations, employees and job seekers build an ‘innovation’ mindset.
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