There are innumerable benefits of encouraging innovation in business. It enhances efficiency in operations, helps attracting new customers and identifying new business opportunities, improves customer satisfaction and loyalty, and the list goes on. With new technologies and inventions emerging every now and then all around us, every organization needs to nurture innovative thinking to maintain its competitive edge, grow, and prosper. In fact, many organizations these days hire chief innovation officers and/or embrace new technologies for implementing the innovation process. However, cultivating or encouraging innovative thinking in the workplace isn’t an overnight or easy process. A survey conducted by Robert Half had revealed that 35 percent of chief financial officers are of the opinion that the greatest roadblock to organizational breakthroughs is the lack of innovative ideas. Of course, it’s challenging to set up a culture where your employees think creatively. Moreover, attempting to change the workplace dynamics is often met by strong resistance due to the lack of adequate flexibility and resilience among people and procedures. However, the good news is that, it is doable with a little effort and by following these 8 steps.
Motivating employees to perform at their best isn’t easy. It’s a delicate and continuous process that requires a lot more than just an annual performance review or going through employee files. Employees often lose motivation due to several reasons like burnout, poor communication, silos, etc and such employees can severely impact the health of your business. A survey conducted by Gallop revealed that unhappy employees could cost the U.S. economy up to $550 billion each year in lost productivity. On the other hand when everyone on your team is well-motivated and inspired, their combined skill-set and energy can help your company achieve any goal. No matter how many super talented employees you have on your team, if they are not motivated enough you will never get the results you want. Leadership includes a lot of responsibilities and providing the right motivation to the employees is a very important one that often gets overlooked. Motivation is directly linked to team success and thus it’s important to find out thoughtful ways of motivating employees.
To succeed in today’s marketplace that is uncertain, ambiguous, complex and volatile, companies need to be Agile. An Agile organization has the ability to cope with continuous changes and take advantage of the opportunities that come along. However, this requires some fundamental changes in the thought process and work culture. Agile companies meet the changing market demands by quickly developing products and services with high efficiency, keeping the quality intact. Agility is closely coupled with digital transformation and empowers businesses to stay ahead of the competition. Agile companies have a business model that generates value for both the customers as well as the organization. Let’s have a look at the characteristics of an Agile organization:
A number of employees, all around the globe, find it quite difficult to maintain a perfect balance between career and family. Life is getting busier and professional and personal lives blend in such a way that itoften makes one or the other suffer. Work-life balance is the art of balancing the personal life which includes family, friends and self, and professional life that includes work stress, targets, colleagues and many more factors. Employers and business leaders have also recognized the significance of work-life balance which is essential for maintaining a healthy workforce. Also, it’s important to identify the role of leaders that can help employees manage the components of professional and personal lives. The idea is splitting the time and energy of the employees efficiently between work and other activities of life. Employers need to create policies and procedures to encourage employees to take care of all the aspects of their life which, in turn, reduces stress. Work-life balance helps employees make time for self-care which ultimately helps in boosting work efficiency and productivity.