HR Strategy

Building a Culture of Innovation Requires a Commitment from the Top

Talent managers have the challenging task of sponsoring a driven, innovative culture
— By Paul Lachhu

A culture of innovation is now the de facto goal for corporations and many minority and women-owned businesses (MWBEs) that want to take things to the next level. Investment is not enough and talent alone will not do it. Instead, organizations have to be ready to come up with fresh, new solutions to the problems of today and tomorrow.

It’s no small mandate. The pressure to find innovative solutions is driven by a desire for competitive differentiation that grows more intense as globalization continues. To be a success, your firm has to stand out in the marketplace. It is imperative to be able to deliver what no one else can or what no one else has thought of yet. To do this, you have to understand the modern innovation challenge, grasp how to train leaders to be innovators within your firm, and be able to leverage design thinking, peer...

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