yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

What factors shape a culture of innovation? | Dan Seewald | Big Think


2m read
·Nov 3, 2024

The culture of innovation in an organization is a byproduct. It’s a dependent variable. You have to build other factors in order to create and shape your culture of innovation.

Let me give you a couple of thoughts around this. First of all, if you want to have a meaningful culture of innovation, you have to have a really bold and aspirational innovation purpose. So, as an organization, what is their purpose that goes beyond just “we’re going to make more money, we’re going to be the leader, we’re going to help our customers”? That’s all well and good. Those are goals, but your purpose should be something that’s authentic, that’s bold, and that people can personally connect and relate to.

When you have that, that inspires people to give a little bit more, to take risks. When people are afraid to take risks, when they are really reluctant to do things differently, then you really don’t have a strong innovation purpose, and the culture in your organization will not incubate new and fresh ideas.

There are a couple of other things I think are really important. The idea of building an innovation brand. Now, as a marketer, one of the things that I felt very strongly about when I built an innovation culture at a large organization was that we often thought about it as a program. But programs live very short lives. On average, they live about two to two-and-a-half years. But brands live on much longer. It’s because they have a promise. They have an identity.

Brands are the things that live on when you put the investment in of building it, of making people kind of relate and connect to it. So if you want to change a game, you have to invest in building an innovation brand, not just an innovation culture or even your innovation purpose. Something that will stand the test of time, that people will think about, they’ll connect to emotionally.

And at the end of the day, it’s something that they themselves feel that they have a relationship with. When you build a brand, that’s when companies, that’s when the people in the organization will go the extra mile. When people will work on weekends, do things at night, they’ll stay late at work, it’s because they feel that the work they’re doing is meaningful and purposeful.

And when you have a brand that conveys that, people will go that extra mile. Innovation depends on people doing things differently and taking risks and being willing to go further than they normally would for just the job. You don’t want people to just come to work. You want people to go the extra mile and to feel they’re a part of an organization that’s committed to innovation.

More Articles

View All
Watch Shopping With An Unlimited Budget With Teddy Baldassarre
And then of course, I crushed you like the cockroach you are. I just took off. I was a chicken once, now I’m a cockroach. I’m changing. Here I am, one-zero already. I don’t agree. You know, Teddy, the funny thing is, you’re living with this inventory ever…
The Second Inflation Wave is Coming... (Michael Burry's Big Bet for 2024)
Well, you might have seen recently that Michael Barry is back in the news, and that is because he has just released his latest 13F filing, giving us a peek behind the curtain as to what he’s doing with his own stock portfolio. While Michael Barry definite…
Four factors of production | AP Microeconomics | Khan Academy
An idea that will keep coming up as you study economics is the idea of the four factors of production, which are usually listed as land, labor, capital, and entrepreneurship. The idea here is if you want to produce anything, so let’s just say this circle …
Big Short Investor Explains the Commercial Real Estate Crisis
I mean, do I think commercial real estate, well, not commercial real estate; office real estate is going to be a problem? Yeah, we do! But there is Steve Eisman, the senior portfolio manager for the Eisman Group at Neuberger Berman. Like Michael Burry, St…
Why Do We Feel Nostalgia?
Hey, Vsauce. Michael here. Music. Why does music make us feel the way it does? Why does music make us wanna move? And why do songs sometimes get stuck in our heads? James May, from the YouTube channel Head Squeeze, thanks for the music. Pleasure. Why ca…
Lipstick | Ingredients With George Zaidan (Episode 2)
What’s in here? What’s it do? And can I make it from scratch? It’s the stuff inside yourself. Ingredients. You can think of lipstick as a slightly more complicated crayon. Crayons are made of waxes and colors, and lipsticks have waxes and colors in them t…