Trust as an Innovation Strategy
In an era where every corporation wants to be at the forefront of disruptive innovation, the question becomes how do you create and scale a culture that incubates game-changing ideas? The answer can be found in purpose, mission, values, and perhaps most importantly, trust. Statistically, research has shown that employees who experience a high-trust environment are up to 22 times more likely to take risks that benefit the company; employees who operate in a culture of trust and risk taking are eight times more likely to report higher levels of innovation relative to their competition; employees functioning in a culture of high trust, risk taking, and innovation are six times more likely to report elevated levels of financial performance compared to the competition. How do you extend trust as a tested business strategy?
Additional Supporting Materials
- How can trust impact a business environment?
- Why do relationships matter at every level?
- How is behavior at the root of all relationships?
- What leadership approaches do we need to get the kind of game-changing ideas and behaviors we need today? And what approaches must we do away with?
- How do business leaders strike the right balance between governance, leadership and culture that gives employees the freedom to collaborate, to make swift decisions and to innovate?
- Dov Seidman LRN
Kirsten McAndrew Stern + Associates
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