Last week there was a change in the Presidency of the United States of America. Trump is out, Biden is in. There are many challenges President Biden is up against, the most pressing one is taming the current pandemic which has taken over 400,000 american lives.
An organization’s culture is the driving force behind innovation. You can have the best minds on your team, but nothing will happen if the environment doesn’t let them bring out their full potential. It’s an environment that values and encourages creativity, risk taking, experimentation, learning. Innovation doesn’t happen without experimentation, which means making mistakes.
Leadership impacts everything. Everyone will focus on the most obvious outcome, which is company performance. But it also includes future performance, which depends on developing individuals so that they too can lead.
One thing I learned early on is you suck if everything depends on you.
According to recent research by Stanford Graduate School of Business alumna Melanie S. Brucks and associate professor of marketing Szu-chi Huang, regular brainstorming sessions are not likely to lead to an increase in unique ideas. In fact, the average novelty of your output — that is, the degree to which your inspirations depart from convention — actually might decrease over time.
As has been the case since technoly has existed, businesses will always flaunt they have the latest and greatest tech at their disposal in order to gain attention. Nowadays, that technology is artificial intelligence. Yet, the organizations that have adopted AI are still rare.