“Innovation is the specific instrument of entrepreneurship...the act that endows resources with a new capacity to create wealth.”
-Peter F. Drucker
So, to create wealth, it’s important that we constantly innovate. And innovation is not the responsibility of few. It’s important that we understand the need to create a culture of innovation i.e. we should foster this sense of internal drive among all the members of the organization and then only, can we together move forward towards success.
Ken Lin, Founder and CEO, Credit Karma, in his article at Inc.com, has shared from his experience, six strategies to instill a culture of innovation in the company. They are:
- Give people a sense of ownerships
- Change constantly
- Hire upwards
- Know when to move quickly
- Make everyone a guardian of the product
- Protect the culture
To learn more, please visit the following link:
http://www.inc.com/ken-lin/6-strategies-for-building-a-culture-of-innovation.html