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Understanding Innovation: How to Remove Common Obstacles to New Ideas

Understanding Innovation: How to Remove Common Obstacles to New Ideas

Most leaders today would agree that innovation is extremely important to the success of an organization. A McKinsey Global Innovation survey found that 84% of executives agree that innovation is important to growth strategy; however, only 6% are satisfied with their team's innovation performance. Organizations that actively prioritize innovation and creativity benefit from increased efficiency, higher revenue, and positive brand recognition. Innovations of everyday processes can add up to big savings in time and money while innovating products and services can win over customers and help companies create a unique offering. Companies that have innovated quickly thrived throughout the pandemic.

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