This past week I had a CEO question the ROI on an investment in educating his people. I took two deep breaths and thought to myself “how could he know.”
A Gallop survey found that 70% of employees are bored at work. The data appears to be solid as separate studies find that only about 30% of adults are “engaged” with their work.
Over the past week I set out to quantify the relative impact of three factors: 1) Starting Idea, 2) Innovation Capability and 3) Leadership Engagement when it comes to financial success with innovation. I reviewed hard data and interviewed expert innovators within complex organizations. There was near universal agreement on the relative importance of the three factors.
BACKGROUND on Spark Decks© and Stimulus Response®: As we teach in Innovation Engineering training courses research by the IE Institute team finds that creativity and innovation is not random. You can increase the number of ideas you generate by a factor of 10 and the number of validated BIG IDEAS by a factor of 6. The three principles are:
We all know the importance of thinking and acting on a long term basis. However, reacting to short term challenges consumes our energy. We tell ourselves “when I get this done - then I’ll work on bigger, longer term goals.” However, there is an unlimited supply of short term challenges. Before we know it - 5, 10 tor 20 years go by and we find nothing changes - we are running on a treadmill - going nowhere.