One of the Most Stressed Topics Today is Innovation.

Enormous effort is invested into putting the right skills and processes for innovation to

take place.

However, One of the most overlooked factors of

innovation is fostering the right culture for a team to be innovative.

Here are 4 guidelines we’ve pulled together:

IMAKE YOUR TEAMS AS

DIVERSE AS POSSIBLE

Diversity and Innovation are a Proven Combination.

A key to innovative teams is to make certain you have a diversity of:

When GE Shifted from homogeneous to diverse teams, the productivity gain went from 13% to 21%

• Thought• Generations• Experiences

• Perspectives• Genders• Cultures, ect

IILEVERAGE EACH PERSON’S GIFT

Leveraging Each Person’s GiftUncovering how each person can contribute outside of pre-conceived roles can transform the capabilities of a team.

On example could be gender roles, Catalyst found that companies with the most woman on their boards of directors earned a 26% higher return on invested capital than companies with the fewest woman.

Creating a list of skills required for the team and having team members sign up can be a great way to uncover hidden talent and motivation.

IIITOLERATE AND

EVEN ENCOURAGE MISTAKES

Tolerate And Even Encourage MistakesIn the article Beating The Odds When You Launch A New Venture, Gilbert and Eyring argue that risk management is a core competency of entrepreneurs, and learning from taking risks is what drives innovation.

In the service of innovation, there has to be an openness to be bold and even completely ‘off ‘ in a culture of tolerance and acceptance.

What this means is that everyone truly believes – and sees this ‘real time’ – that mistakes are acceptable and even encouraged.

IVTAKE THE TIME TO LISTEN AND

LEARN

Take The Time To Listen And LearnIn our fast-paced culture of executing against short-term goals, the idea of truly listening to one another, being open to what the person is saying without jumping right in with your own thoughts, and taking time to think about and learn from one another is a very difficult concept to put into action.

However, this is the most essential concept to creating an innovative culture because only by taking time to learn from one another can innovation ever truly happen.

Building a culture of innovation and collaboration does not happen overnight, it is a process.

We hope these guidelines help you continue in your process and encourage innovation in your leadership.

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