CNBC The Business of Innovation. What makes people tick?

Monday, June 02, 2008

On tonight's premiere of CNBC's The Business of Innovation www.innovation.cnbc.com, guests shared multiple perspectives around the human factors that make innovation successful. Panelists threw out a leadership cocktail of suggestions including:
  • Recognition and praise from leaders
  • Rewards in the form of money and promotions
  • Trust -- telling someone you believe in them
  • A culture that embraces new ideas and is not bound by "not invented here" syndrome
  • Perks like free food, gyms, flexible schedules
  • Encouraging social interaction between employees at and outside of work
  • Freedom for employees to pursue their own passions (like Google's 20% time)
  • Diversity and patience for the friction that comes with culture clash
  • A clearly articulated purpose that employees can rally around

What do you think is most critical for engaging people in innovation? How would you prioritize the above list? What's missing?

 

1 comments:

Unknown said...

Going along with "a culture that embraces new ideas and is not bound by 'not invented here' syndrome:" embracing failure. A huge problem in organizations I've been a part of is fear of failure, which is often exacerbated by people who take every opportunity they can to point out others' failures while never taking any risks themselves.