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Full Description
A practical guide to innovation strategies based on fact, not feeling The Innovation Formula delivers strategies for building a culture where innovation can thrive, based on actual scientific research. Author Amantha Imber holds a PhD in organisational psychology, and has been called upon by a multinational roster of forward-thinking companies—such as Google, Disney, LEGO and Virgin—to improve innovation at all levels. In this book, she shares her strategies and helps you tap into a substantial body of scientific research to help further innovative practice within your own company. For example, rewarding failed innovations can actually be a critical aspect of building an innovation culture. It's rarely done, but it fosters creative thought by signaling to people that failure is tolerated and is a necessary ingredient in the pursuit of innovation. This kind of practical, easily implemented strategy is the lynchpin of cultural change. This guide shares fourteen separate, yet interconnected strategies for improving your company's innovation culture, and provides illustrative examples of real-world companies who are putting these plans into action.
Business innovation guides tend to focus on how one company does it. But it's not your company, and just because it worked for Google or Apple doesn't mean that it's right for you. This book is different; these techniques are based on science, not gut feeling, and can apply to any organisation, at any level.
Delve into the science behind successful culture shift
For best results, reward innovation, whether or not it succeeds
Learn the critical elements that foster organisation-wide creativity
Implement practical strategies based on evidence, not anecdotes
Fostering a culture of innovation means making your company a safe space for new ideas. Over 95% of business leaders surveyed get it wrong, because intuition cannot compete with data. The Innovation Formula gives you a science-based framework for turning your organisation into one where innovation survives and thrives.
Contents
About the author ix
Acknowledgements xi
Introduction xv
Innovation Culture Audit xxiii
Part I: Individual-level factors 1
1 Challenge 3
2 Autonomy 13
3 Recognition 27
Part II: Team-level factors 41
4 Debate 43
5 Team supportiveness 53
6 Collaboration 61
Part III: Leader-level factors 73
7 Supervisor support 77
8 Senior leader support 85
9 Resourcing 99
10 Goal clarity 111
Part IV: Organisation-level factors 119
11 Risk-taking 121
12 Cohesion 139
13 Participation 149
14 Physical environment 163
What now? 175
References 177
Index 197
