Tag Archives: Culture of Innovation

Innovation and Freedom

With waves of profound technological change rocking every corner of the global economy, innovation isn’t a luxury anymore, not even a matter of choice – it’s a means of survival.  The mantra “innovate or die” may have become a cliché, … Continue reading

Posted in Global Innovation | Tagged , , , , , , , , , , , , , , , | Leave a comment

The Words We Choose

In a recent HBR article “Stop Calling It Innovation,” Nadya Zhexembayeva suggests ditching the term “innovation.” Her point? Employees hate innovation. Rightly or wrongly, they associate innovation with undue risk, extra work without reward, and even job loss. As a … Continue reading

Posted in Innovation | Tagged , , , , , , , | Leave a comment

Innovation: for and against

I like Jeff Bezos’ line: “Good intentions don’t work, mechanisms do.” To me, it sounds like a full support of my conviction that endless talks about establishing a “culture of innovation” is a distraction, rather than an enabler, in fostering … Continue reading

Posted in Innovation | Tagged , , , , , , , , | 2 Comments

Are you innovating? We won’t be paying you today!

A solid body of evidence, from both controlled laboratory experiments and field studies, shows that compensation based on the pay-for-performance (P-f-P) principle—when individuals receive a fixed percentage of the profits resulted from their activities–is effective in inducing higher levels of … Continue reading

Posted in Innovation | Tagged , , , , , , | 1 Comment

Innovation and VC investors

Academic research provides abundant empirical evidence suggesting that corporate and socio-economic policies tolerating failure, both at individual and firm levels, foster innovation. For example, labor laws limiting firms’ ability to discharge employees at will were shown to stimulate corporate innovation. … Continue reading

Posted in Innovation | Tagged , , , , , | 2 Comments

Innovation and bankruptcy

Recently, I described academic studies suggesting that corporate innovation is fostered by labor laws that limit firms’ ability to discharge employees at will. These studies provide support to the idea that the best way to encourage risk-taking and experimentation is … Continue reading

Posted in Innovation | Tagged , , , | 6 Comments

The dose is everything: how much labor protection is good for innovation

A theoretical concept proposed by Gustavo Manso in 2011 (I wrote about it here) postulates that the optimal combination of incentives that motivate employees to innovate must include tolerance for failure in the short term and reward for success in the long … Continue reading

Posted in Innovation | Tagged , , , , | 1 Comment

The “labor law” of innovation

One might assume that pro-worker labor laws, due to their association with lower levels of investment, productivity and output, would have a negative effect on innovation. In fact, academic studies indicate that more stringent employment laws help firms and their … Continue reading

Posted in Innovation | Tagged , , , | 6 Comments

Innovation and failure: from words to deeds

The idea that innovation involves experimentation—and experimentation often results in failures–has gradually crawled to the forefront of our thinking about the innovation process. It became fashionable to quote Amazon’s Jeff Bezos as saying that high tolerance for risk and failure accounts … Continue reading

Posted in Innovation | Tagged , , , , | 7 Comments

How to Cultivate Innovation in the Workplace

Innovation is what most businesses aim for no matter what industry. In fact, a lot of today’s most successful businesses were founded on innovation. Look at Apple and Microsoft; both companies started from ideas that seemed impossible at the time … Continue reading

Posted in Innovation | Tagged , , , , , , , | Leave a comment