Harnessing Your Creative Team
Great article in Sunday's NY Times ("Here's an Idea, Let's let Everyone Have Ideas") about companies that are tapping into the creativity of their employees -- getting beyond the idea that the founder/CEO has all the great ideas and should be the sole source of innovation. John Moore has a very nice blog discussing the article and other books on this subject.
The Times article focuses mostly on Rite-Solutions, which uses a virtual "stock market" to allow employees to propose and vote on ideas for new innovations...
Mr. Marino, 57, president of Rite-Solutions, says the market, which began in January 2005, has already paid big dividends. One of the earliest stocks (ticker symbol: VIEW) was a proposal to apply three-dimensional visualization technology, akin to video games, to help sailors and domestic-security personnel practice making decisions in emergency situations. Initially, Mr. Marino was unenthusiastic about the idea — "I'm not a joystick jockey" — but support among employees was overwhelming. Today, that product line, called Rite-View, accounts for 30 percent of total sales.
Read the full article.
Interested in hearing Jim Lavoie tell his story? Jim was a storyteller at our annual summit last year. [Bill Taylor was there too.]
Jim's presentation was just fantastic, really inspired everyone in the room.
You can view the video here: http://www.businessinnovationfactory.com/video/index.php?st=lavoie
Posted by: Chris Flanagan | April 10, 2006 at 11:50 AM