Zero Budget - A Boon to Innovation

Zero Budget - A Boon to Innovation

Budgetary thinking can stifle innovative thinking by limiting the scope of ideas and actions. One exercise to encourage breakthrough thinking is to start with no budget and challenge teams to develop a concept that will increase revenue by 10% or more within 18 months. This forces teams to think creatively and find new ways to connect with buyers and influencers. Money can be a numbing drug, but by acting as if there is no budget, teams can break out of habitual patterns and limited experiences.

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More Innovation Resources:

Where Did the Suggestion Box Come From?

The suggestion box concept has been around since the 18th century and has evolved with time. Initially, employees were asked for suggestions, but eventually, companies realized that some of the best ideas could come from outside their organization, leading to our customer-centric business culture of today.

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Tips on Remote Work For Innovative Teams

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A Promising Future for Government-Driven Innovation

Governments are still important and can play a role in innovation, but they must rethink their approach and adapt to new methods such as open innovation and crowdsourcing.

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