Everything You Need to Build a Culture of Innovation

Everything You Need to Build a Culture of Innovation

Lego turned things around by rebuilding itself from the ground up with a strong focus on innovation and creativity. CEO Jørgen Vig Knudstorp slashed the company’s production inventory and rewrote the rules on product development, actively encouraging employees to collaborate with fans and customers. He created a culture of innovation throughout the company, empowering employees to bring their skills and experience to the table. Lego now enjoys a strong product line and stable sales, thanks to a focus on innovation and creativity.

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More Innovation Resources:

How to Build CFO Support for Your New Venture

Mike Joslin, Director at High Alpha Innovation, shared his lessons learned and six tactics to secure CFO support for corporate ventures. Innovators need to understand and speak the CFO's language, tie experiments to model inputs, and quantify the cost of the status quo. The balance sheet is an underutilized tool, and innovators need to change the game by engaging finance leaders early on.

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To Innovate is to Choose

Innovation forces hard choices with limited information, much like governing. Analogies can help generate new ideas and alternatives during the decision-making process.

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Bimodal IT: What does it mean for CIOs?

Bimodal IT: What does it mean for CIOs?

Bimodal IT involves running two separate modes of IT delivery within a business; one is traditional and safe, while the second is exploratory, agile and fast.

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