Innovation
Innovation refers to the development of new tools and procedures that create new products or generally make systems more efficient. Businesses that can harness innovation can become more effective in many ways. Managers can support innovation by providing formal or informal systems that encourage creative thinking and the confidence to support new breakthroughs. For example, Google encourages innovation by allotting employees time each week to work on projects that they are personally interested in.
Related Articles
Convincing an Employer to Pay for your Executive Course
By Seb Murray on May 22, 2023
With organizations coming under financial pressure, training budgets are constrained. Securing funding comes down to demonstrating the tangible benefits of executive education
How to Make Custom Executive Courses Successful
By Seb Murray on Nov 03, 2022
Tailored programs can deliver huge benefits for the individual and the employer, but they require careful planning and design
Business Schools Enjoy Resurgent Demand for Executive Education
By Seb Murray on Jun 21, 2022
The pandemic dented revenues but there are signs of resurgent demand for training on an expanding array of topics and in new modalities
Thinking Outside the Box: Strategic Innovation
By Michael Filtz on Jul 07, 2020
How executive education courses can help leaders see through the inherent risk in innovative thinking