Best practices by Factor#
If, after completing the 25-Factor on-line survey and receiving your custom report, there are areas where the gap between Your ‘Ideal’ and Your ‘Reality’ is significant, you can ‘click’ on the Factor to the right and access ideas – thought starters – leading to taking corrective action. Most often, however, entrepreneurship or lack of innovation, is due to several Factors combining to produce either a good or bad result! Look for the combination of Factors!
The 25 Factors were identified as a result of researching the policies and management practices of well recognized innovative companies such as 3M, Apple and 26 others in the U.S.A., Europe, Canada and Japan. CIO extended this research by examining a number of other organizations such as John Deere, Starbucks and DSM. The central issue addressed by the research was how these companies sustained innovation over time. What are the policies and management practices common to these organizations?
For a description of each Factor and access to ideas which relate to each Factor, click on the relevant Factor. If you have other ideas on how to improve innovation performance, send us a note through the Blog. We are always open to adding ideas and we will attribute the idea to you.
If you want Steve Johnson’s view on where innovative ideas come from why not access his youtube presentation; http://www.youtube.com/watch?v=NugRZGDbPFU&feature=related. This is a very good perspective on the importance of connectivity and its fun to watch.
- Factor 1: Management's Profit Emphasis
- Factor 2: Management’s view of innovation
- Factor 3: Tolerance for Mavericks
- Factor 4: Planning Emphasis
- Factor 5: Tolerance for failure
- Factor 6: Management of People
- Factor 7: Use of Career Ladders
- Factor 8: Tolerance from the Corporate Norm
- Factor 9: Tolerance for Risk
- Factor 10: Degree of formal communication
- Factor 11: Use of Independent Work Groups
- Factor 12: Input into Management Decisions
- Factor 13: Formality of the Decision Process
- Factor 14: Rewards for Innovators
- Factor 15: Planning vs. Action
- Factor 16: Attitudes Towards Mergers, Ventures, Etc.
- Factor 17: Loyalty
- Factor 18: Corporate Hierarchy
- Factor 19: Resources for New Ventures
- Factor 20: Staff vs. Line Involvement
- Factor 21: Retension of Innovators
- Factor 22: Innovative Tradition or Not
- Factor 23: R&D Budget Levels
- Factor 24: Perception of Innovation Changes
- Factor 25: Role of Employee Organizations