Encouraging Innovation in Businesses: Approaches & Examples

The video explores how businesses can foster innovation through various approaches like kaizen, R&D, benchmarking, and intrapreneurship. It highlights the UK's productivity puzzle and the role of innovation in addressing it. The importance of creating an inclusive culture that encourages employee ideas is emphasized, with examples from Google and Facebook. The video concludes by stressing the need for planning and evaluation in implementing innovative ideas.

How did Google's 20% program contribute to its innovation strategy?

What are the potential benefits of encouraging employees to share their innovative ideas?

What challenges do businesses face when trying to implement innovative ideas?

In what ways can a business create an inclusive and innovative culture?