LESSON 3: INNOVATION RULES
There is immense pressure on organizations to be innovative and agile.
The frequency of change is a main challenge that executives must
constantly contend with, which creates a demand for more innovation
and agility. The most agile organizations are defined by:
■■ Quick adaptation practices
■■ Understanding customer needs
Example: At Cadence, a single decision-making method for complex
decisions, called Debate, Decide & Communicate exists. It
requires participants to speak openly, debate ideas and consult candidly
with parties involved, enabling decisions directly impacting success.
So what are the business impacts of creating a culture of
employee wellbeing? According to Great Place to Work®,
listed organizations grow faster through executive effectiveness
and high innovation. (Figure 2)
This understanding of great workplaces is based on 30
years of research compiled by the Great Place to Work
Institute. Each year, the Institute surveys over 7,000 organizations,
in 55 countries, representing roughly 12 million
individual employee voices. The primary determinant used
in selecting winners is a confidential, internal employee
Jen Wetherow is senior director at Great Place to Work Canada.
dogfella/123RF Stock Photo
Figure 2: Median year-over-year revenue growth of list contenders
A GREAT WORKPLACE IS ONLY GREAT IF
THE WHOLE WORKFORCE EXPERIENCES IT.
HRPROFESSIONALNOW.CA ❚ APRIL 2018 ❚ 43