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
Executive Education Proves Resilient to Economic Pressures
By Seb Murray on Mar 24, 2023
Schools are cautiously optimistic that demand can be sustained now that companies are making difficult choices on costs
Soaring Appetite for Executive Courses in Asia
By Seb Murray on Feb 24, 2023
The region's economic dynamism is attracting executives from around the world who want to develop a more global perspective
Business Schools Plan a Hybrid Future for Executive Education
By Seb Murray on Oct 18, 2022
Blending online learning with face-to-face sessions is a popular model in a post-Covid world