Why do some companies continuously innovate while others struggle to keep up? Also, as an entrepreneur, how can you foster innovation within your business?
Nick Jain, CEO of IdeaScale, is a leading innovator and business leader with a passion for helping organizations build a culture of innovation. With experience working with clients like NASA, Comcast, and Doctors Without Borders, Nick brings a wealth of knowledge to the table.
Join Scott and Nick as they explore:
* The three types of innovation: doing something better, doing it in a dramatically different way, and orthogonal innovation.
* Building a culture of innovation in a company.
* The challenges large organizations face in fostering innovation.
* The importance of an idea meritocracy, where the best ideas win regardless of their source.
* Practical strategies for implementing and incentivizing innovation.
* Measuring the success of innovation efforts.
* The impact of innovation on employee engagement and company culture.
Chapters for this episode:
03:59 Nick Jain's Journey to IdeaScale
11:50 The Three Types of Innovation
18:26 Why Big Companies Struggle with Innovation
25:28 Building a Culture of Innovation
33:56 Idea Meritocracy and Continuous Improvement
39:02 Understanding Finance in Innovation
43:38 Practical Steps to Improve Innovation
Thanks to Nick Jain for being on Business, Bourbon & Cigars.
Connect with Nick on LinkedIn: https://www.linkedin.com/in/nickjain
Learn about IdeaScale: https://ideascale.com/
BUSINESS, BOURBON & CIGARS
Be sure to subscribe so you don’t miss any episodes.
* Apple Podcasts: https://apple.co/3SN2fHn
* Spotify: https://spoti.fi/49EwtTo
* YouTube: https://www.youtube.com/@MePlusUltraNetwork/podcasts
Business, Bourbon & Cigars is the preeminent resource for ambitious leaders who want a backstage pass to the top. Each episode, we sit down with ultra-successful executives and industry leaders who share their insider strategies for growth and success. And of course, we may even sip on some of the finest bourbon and light up our favorite cigars while we chat.
Each week, we bring you in-depth interviews with high-level executives and industry leaders who have a proven track record and in-depth understanding of what it takes to grow a business. They’ll share their no-nonsense approach, the challenges they faced on their journey to the top, and the strategies that helped them overcome obstacles and forge their own path to ultra-success.
ME PLUS ULTRA
Transform your business and redefine your world with Me Plus Ultra virtual masterminds and leadership retreats: https://MePlusUltra.com
Me Plus Ultra is a place where visionary entrepreneurs come together, not just to network, but to forge lasting connections, inspire one another, and grow their businesses with confidence and purpose. With exclusive access to industry-leading knowledge, personalized growth strategies, and high-impact...