Innovations in Company Policy

published in: Leadership

05 May
2010

The rate of technical progress is stunning.  20 years ago there were no computers, mobile phones, Internet, email, social networks, electric cars that can travel 1,000 miles without recharging at a speed of 80 miles per hour, underwater cities projects... innovation, innovations, company policy

 
Unfortunately, innovations in corporate and social structures are very small.  Neither in government structures, nor in corporate structures can we find innovations equivalent in importance to those in the technology world.  Probable reason for this imbalance is the monetary economy where the most important is profit, while the welfare of society is at best second in importance (but never first).

Either way, the next 50 years there will be no alternative to the monetary economy (see postscript).  The least, we - the participants in corporate life - can do is to support the innovation process at work. 
It is well known that although the rules and procedures are necessary, they hamper creativity and the drive for innovation.
 
One of the differences between manager and leader is that the manager accepts the status quo, while the leader challenges the status quo.  It is necessary to stimulate innovation in the workplace. Creativity cannot be ordered. It is spontaneous and comes only when the individuals have found their true selves and their place in the company. Only then, they will have the confidence to question the status quo:
- Why we act this way?
- What is the benefit from this procedure?
- What is the meaning of this line of conduct?
 

What is the definition of innovation?
 
Innovation is a new way of doing something or "new stuff that is made useful".  It may refer to incremental and emergent or radical and revolutionary changes in thinking, products, processes, or organizations.  In economics the change must increase value, customer value, or producer value.  The goal of innovation is positive change, to make someone or something better. Innovation leading to increased productivity is the fundamental source of increasing wealth in an economy.

The only way the company to be innovative is to harness people to innovate.
Some practices of the successful companies:
 
1. Most ideas for innovations are coming from the newcomers during the first 1-3 months, just before they adapt to our company policy. A simple question, asked monthly, at an appropriate time and environment: "What would you change in the workplace?” receives many different answers.

2. There are companies which require departments to generate 30% of its sales from new products.

3. Other corporations have requirements at least 25% of sales to come from new customers.

4. Some organizations require 10% annual increase in labor productivity.

5. ... ... ...

Adopted innovations must be encouraged according to the individual: cash incentives, recognition, photos in the hall of fame, commendations, entrusting important projects, opportunities for personal and professional development, etc...


P.S.
There is already an alternative to the monetary economy - a resource based economy (www.thezeitgeistmovement.com)

 

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