How Innovative Is Your Company ?
Harvard Business review explains, One of the most common business phenomena is also one of the most perplexing: when successful companies face big changes in their environment, they often fail to respond effectively. Unable to defend themselves against competitors armed with new products, technologies, or strategies, they watch their sales and profits erode, their best people leave, and their stock valuations tumble. Some ultimately manage to recover—usually after painful rounds of downsizing and restructuring—but many don’t.
Take This Quiz to Evaluate Your Company’s Ability To Respond to Change.
1. What is your company’s understanding of the potential relevance of emerging technologies?
- Not at All Aware (1 point))
- Slightly Aware (2 points)
- Moderately Aware (3 points)
- Very Aware (4 points)
- Extremely Aware (5 points)
2. What is your company’s ability, to leverage existing product platforms into new products?
- Never (1 point)
- Rarely (2 points)
- Sometimes (3 points)
- Often (4 points)
- Always (5 points)
3. What is your company’s ability to pilot a roll out product carefully but quickly?
- Never (1 point)
- Rarely (2 points)
- Sometimes (3 points)
- Often (4 points)
- Always (5points)
4. What is your company’s ability to coordinate across the entire organization for an effective launch?
- Never (1 point)
- Rarely (2 points)
- Sometimes (3 points)
- Often (4 points)
- Always (5 points)
5. What is your company’s ability to develop additional capabilities within your chosen innovation strategies?
- Never (1 point)
- Rarely (2 points)
- Sometimes (3 points)
- Often (4 points)
- Always (5 points)
Score:
0-5 = Not At All Innovative
5-10 = Barely Innovative
10-15= Sometimes Innovative
15-20= Often Innovative
20-25= Always Innovative
Do you feel you fit into your company’s innovative profile? If not, how can you promote this value? Could you mold your company into creating frameworks that use societal value and human values as decision-making criteria rather than just economic value, Harvard Business Review. Convince your leadership team that the innovative changes you want will have a direct impact on human safety, human experiences, and the environment. Look at new strategies from the people perspective instead of just the financial gain and you will receive increased commitment, belief, and follow through.
For more insights on what the
top ten innovative companies are doing
– click here.
By: Kristen Goodell, M.Ed, Co-Owner
Kristen converts inefficient safety & compliance management systems and siloed technology into a dynamic workflow with end to end client support. Through our implementation process we reveal areas of hidden risk and produce new best practices for your compliance management team.
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