According to the Canadian government’s own Building a Nation of Innovators project, innovation is essential to the continued success and prosperity of Canada as a country. Unfortunately, world-leading innovation can’t be mandated into existence. It needs to be intentionally nurtured, cultured, and incentivized to develop ever more robustly over time.
Luckily, the Canadian government and business community alike can learn from entities that are already leading the world in innovative practices. The world’s most innovative firms, as determined by MIT’s Culture 500 power rankings, have built their unique cultures on a set of common foundations. Here, three of the biggest anchor points will be discussed, along with tips for translating these innovation anchors out to other organizations.
Innovators Aren’t Afraid To Be Different
A major factor in the success of innovative firms is a certain fearlessness about standing out from their peer group. For example, Red Bull and SpaceX/Tesla routinely dominate the innovation power rankings, and it’s not hard to see why. Five minutes with the leadership team and it’s clear that these companies are actively pushing boundaries in all areas of their business. Does this ruffle feathers? Yes! Do these companies view ruffled feathers as problematic, relative to their overall business goals? Not a bit.
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