Businesses must innovate to survive. The modern marketplace, with its constant upticks and downturns, simply does not support operational complacency. Savvy executives searching for new opportunities understand this reality and expect the companies that court them to get it as well. Unfortunately, many do not, continuing onward with rigid internal frameworks that fissure with each fluctuation and deter job hunters who possess truly transformative executive experience.
Is your organization in this group? Then it's time to make some serious changes and usher in a more innovative workplace culture. Review these tried-and-true strategies to get started:
Make friends with failure
Innovative businesses embrace failure, Fast Company reported. To create innovative products and services, you must experiment and take calculated risks knowing full well that it could all collapse. This approach has produced some of the most powerful innovations of all time, including penicillin and the pacemaker.
With this in mind, establish an internal program that allows employees to explore possibly groundbreaking ideas and incentivizes experimentation, no matter the outcome. This will signal to candidates that you realize the importance of structured ideation and its role in business continuity.
"Rigid internal frameworks deter candidates with truly transformative executive experience."
Cultivate innovative thinkers
Of course, to get real results from an initiative like the one mentioned above, you should promote innovative thinking among your employees. Although this may seem like a lofty task, you can sew the seeds of groundbreaking thought by encouraging your staff to test established industry doctrines, latch on to overlooked trends and deploy internal resources in new ways, according to Harvard Business Review.
This will help employees break free from complacency and look for novel solutions to longstanding problems. Prospective executives will see this internal drive to innovate and look kindly upon the industrious, forward-thinking workers who populate your office.
Once you've implemented these strategies for facilitating innovation in the workplace, contact a global executive search firm like YES Partners to connect with talented C-level staff. Our executive search consultants can leverage their industry connections and knowledge to put you in contact with creative executive leaders who can stimulate even more innovation and take your business to the next level.
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