Driving Sustainable Innovation with High Performance Teams
While innovation has become a mantra for delivering growth, the challenge lies in achieving and sustaining innovation to realize year-in and year-out success. This article describes a critical component this achieving this success - your people.
Executives are striving to attain sustainable growth by developing new business strategies, innovation processes, portfolio management, master planning, and stage gate optimization. While each of these has merit and demonstrates important contributions to company growth and success, when it comes to sustainable innovation, these processes cannot stand alone.
So what is another critical component for companies to achieve great execution, ideation through post-launch? The answer is people - people with different backgrounds, experiences, and capabilities. By forming collaborative teams to create products and services that result in customer satisfaction, people are not only an important organizational asset, but vital to achieving sustainable innovation.
While innovation strategies and processes are essential for creating profitable products and services, high performing teams make it happen. The data is compelling that holistic, effective cross-functional teams are significantly more likely to produce better business results. Of the best performance companies, 65.5% show good cross-functional cooperation on project teams, whereas only 24% of the worst performance companies do. Organizations with high performing teams significantly outperform their peers by effectively leveraging the capability and experience of each individual team member.
How can companies unleash the potential of people to create high performing teams? Kalypso's High Performance Team methodology is designed to empower people to achieve innovation success.
Topics: Innovation, Resources, Teams
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