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INNOVATE REWARDS EFFECTIVELY

In this fifth part of our series, we delve into innovative reward systems, highlighting the crucial distinction between Rewards and recognition. By tailoring incentives to individual preferences, organisations can significantly boost morale and drive engagement. We explore how personalised rewards and public recognition balance intrinsic and extrinsic motivation, fostering a motivated and loyal workforce. Embrace continuous feedback and growth opportunities to create a more engaged team.

BIAS & INNOVATION

In a recent Change Management Institute event, the fascinating influence of biases on decision-making was highlighted, particularly how they can stifle innovation within organisations. Drawing on concepts from Daniel Kahneman's "Thinking, Fast and Slow," the discussion illuminated our tendency to rely on instinctive 'chimp brain' responses and misfiring heuristics, which often lead us down suboptimal paths.

CHANGE & COMMUNICATION

We delve into the vital role of diverse communication strategies in fostering innovation and change within organisations. It challenges the traditional top-down communication model by highlighting the benefits of incorporating horizontal and bottom-up communication. By embracing a broader conversation that includes various internal and external perspectives, organizations can better navigate their inherent complexities. We emphasise the importance of a shared language to unify teams.

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REFLECTING ON INNOVATION

A view from the balcony with YourBigPic Founder Mart was out and about reflecting on a Change Management Institute (ChgMI) Event for Innovation and Change. We're all about shared learnings!

LANDING INNOVATION & CHANGE

YourBigPic Founder Mart was out and about reflecting on a Change Management Institute (ChgMI) Event for Innovation and Change. We're all about shared learnings!

GREASEGUN INNOVATION

In this post, we describe an innovation journey that resulted in an improved and patented greasegun. Also, the key elements we have been able to extract from the story based on an interview with current senior management. Finally, we have looked to see how well their journey aligns with our Six-ITs framework.

EXCELLENT ECOSYSTEMS

In order to provide the best possible experience to customers or clients an organisation needs to be clear on which of ten Life Areas it intends to focus its offering on. Then it needs to optimise its business ecosystem to ensure it delivers the best service possible in these areas. Finally, it need to manage it performance and metrics within a framework such as the EFQM Excellence framework.

BEWARE PAPER NAPKINS!

Making acquisitions seems to be a universally challenging process with very low rates of success. In this story I talk about one such disaster acquisition. At the end I relate it back to today. Nothing much seems to have changed where due diligences are concerned.

RECESSION PROOFING

Here is the summary of our 5-Step Recession Proof Programme as part of Financial Freedom for Organisations - that is F₃O: Regularly assess the health of your business; Readjust your products and services and the resources required as necessary; Build a lean, efficient team and remind them that you appreciate them; Listen to your employees’ needs, and they will give discretionary effort for you; and Never stop thinking about how you can accomplish numbers 1-4 better and more efficiently.

YOUR ECOSYSTEM AND 2023

As we go into 2023 addressing your business ecosystem can prove to be a vital strategic activity. Attention to aspects of your ecosystem can aid revenue growth on one hand while reducing risk on the other. Here we review one of three matrices we have developed that enable you to review key aspects of your business ecosystem.

THE BABY GUARD'S ASLEEP!

In this post I recount five stores which illustrate what happens when you let the ball slip through your fingers. The case will be made for the essential strategic role of MBWA and Inspecting What you Expect.