What does it mean to innovate? Dictionary.com defines it as:
“to introduce something new; make changes in anything established.”
Is innovation ingrained in your business model? Although it’s a common buzz word, I think that innovation might actually be kind of rare. Most businesses are simply going through the motions, based one a few concepts that they hold firm to. Few, however, are willing to really change on a regular basis.
To make innovation a part of your company culture, you’re accepting a constant state of flux, not a comfortable state for most people and businesses.
For example, I have no doubt that fax machines are being sold to companies, businesses that know that there are new and better options through email fax that cost less and are more convenient. But out of a fear of change, the decision makers fail to innovate.
There’s a new book by Proctor and Gamble CEO A.G. Lafley and management consultant Ram Charan titled, The Game-Changer: How You Can Drive Revenue and Profit Growth with Innovation. When Lafley was hired to the big position he was a career company man, not the kind of guy that you would have thought would instill a culture of change. But he did.
And they needed it. In 2000 stock was plummeting in the troubled company. He reinvented the company and turned it’s performance around big time. He did it by pushing innovation as a core company philosophy. It’s sure to be a solid read for anyone interested in producing the same quality in their business.
Relevant Tags:company culture, company philosophy, fax machines, innovation, lafley, management consultant, proctor and gamble








