Choose your approach We all know data is important, but can you measure something as intangible as an idea? Even more difficult, a culture of ideas? You can, as long as you look long and hard at what you’re actually measuring.
Whatever your industry, you’ll undoubtedly telegram data numbers on customer activity around your product or service, but look elsewhere, too. What about the return on your strategic partnerships? How about getting data on how much time your team actually needs to spend on discovery? How many of them have been trained on what it means to innovate? Isolate what’s game-changing for your organization and build your approach to innovation metrics from there.
Look outside Choose your approach
Too often we get caught up in our company’s processes, policies, and issues. We forget to look outside and see what others are doing. To adopt how art munin made the mindset, try instilling these innovation-focused cultural elements:
- look to other colleagues and companies to see how they approach problems;
- look at other industries and adapt ideas from one sector to yours;
- Get inspired by how startups approach problems with new technologies or business models.
Looking outward to other startups and bgb directory has been a key strategy for many famous brands, and particularly for the largest technology companies.
Whether you read the daily startup news sources or develop an outward-facing investment and acquisition strategy, looking outside your organization is essential to growth and success.
Create a space for innovation
Innovative spaces matter. Experience shows a strong correlation between the physical workplace and a culture of innovation. This doesn’t mean that interior design drives innovation; rather, in contrast to traditional cubicle setups, spaces designed to foster collaboration and creativity have a positive effect on employee mindset and motivation.
Organizations are also finding that an innovative workspace that includes access to the right technologies improves candidate attraction and hiring, which could be imperative as financial institutions increasingly look to compete with the likes of Google and Amazon for top talent.
In short, for both corporations and startups, achieving success and growth depends on a mindset and culture that allows for innovative and creative thinking, leading to new disruptive businesses and products. Embracing a culture of innovation in your company toward a transformative mindset is about giving yourself and your team the time, flexibility, resources, curiosity, and permission to do things differently.
