Operational Excellence: Fostering corporate innovation and collaboration


Listen to my latest podcast on how to foster corporate innovation and collaboration.

Here are the four keys to successfully fostering innovation:

  1. Encourage ideas from all sources-customers, employees, suppliers, business partners
  2. Do a great job of assessing the risk and reward from those ideas
  3. Focus on planning and execution of those ideas
  4. Prioritize the ideas based on key factors (impact to the organization, risk tolerance, financial benefit, and so on) and only select one or two ideas at a time to be implemented

Each one of these key success factors is discussed in more detail in this podcast.

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