Category: Fostering Innovation

Are You Efficacious Enough to Survive the Innovation Economy?

In Eileen Chadnick’s article, Are You Ready for the Innovation Economy? (Globe and Mail, August 2016), she cites six must-knows to be ready for the innovation economy (about to replace the knowledge economy) http://www.theglobeandmail.com/report-on-business/careers/leadership-lab/are-you-ready-for-the-innovation-economy/article31147117/. All six are very helpful words of advice to all of us and I would like to add one more to the list. To survive the innovation economy you need to be efficacious about your ability to be creative. Part of the problem is that many Read more...


The biggest barrier to innovation is all the daily work that needs to be done

How often have you used this excuse for the lack of innovation in your organization, “we can't innovate, we're too busy.” A survey conducted by Robert Half International of 270 Chief Financial Officers, from a random sample of Canadian companies, found that nearly half (49 per cent) cited "being bogged down in daily tasks" and "putting out fires" as being the biggest barrier for their company to be more innovative. Five percent cited "a lack of new ideas" while 2 Read more...


Canada’s Struggle to Capitalize on Innovation

Just read the recent CBC News article titled "Canada Struggles to Capitalize on Innovation" http://www.cbc.ca/news/politics/story/2011/06/28/politics-science-innovation-stic.html and not surprised that the report calls for more collaboration between various parties. The problem is that collaboration not only takes a certain set of skills but motivation if it is going to occur...something that is not always prevalent between the private sector, universities and governments. Canada is rich with talented innovators. Our opportunity rests with providing them with the skills, motivation and vehicles to collaborate effectively Read more...


What Stops Innovation

Ask any chief executive if he or she would like his or her organization to be more innovative and the answer is likely to be undeniably "yes." However many organizations stop here, many assuming that innovation are the exclusive preserve of small or high-tech companies and that they are simply too big or in the wrong industry to innovate. Resignation and inertia block further action. Research conducted by PriceWaterhouseCoopers suggest that any company in any sector can be more innovative Read more...


The Big Secrets of Innovative Organizations

What are the secrets of innovative organizations? Innovative organizations: Make big bets Make big transformations Undertake big brandreinforcement Anticipate big changes Pursue big math Focus on big loyalty Focus on big innovation Thinking big change in scope Innovate in a big way locally Share big ideas Be big on solving customer’s problems. Align strategies to the big bets. For more information http://www.jimcarroll.com/2010/05/the-big-secrets-ofinnovative-organizations/