New report helps companies drive ROI by nurturing behaviors that maximize innovation
Digital transformation is happening at an unprecedented pace. Today an organization’s success depends more on its ability to innovate and the skills of its employees than its tangible assets. To help companies accelerate innovation and achieve greater ROI on their digital investments, ManpowerGroup has identified nine key traits that determine a company’s readiness for innovation. These key characteristics provide a roadmap of behaviors to nurture in the digital age and maximize value.
"A culture of innovation is a work environment cultivated by leaders to nurture fresh thinking, apply new processes and encourage innovation to drive long-term value for the business,” said Ms Linda Teo, Country Manager, ManpowerGroup Singapore. “Against a backdrop of constant change, innovating and adapting is a baseline expectation. Creating a culture of innovation is a critical investment for a company’s future. Ultimately, an organizational culture should be more than an abstract concept, but instead produce measurable and quantifiable change. When innovation and culture are done well, employers can expect a significant and swift return.”
If a company creates a culture with each of these elements, they are likely to be innovation-ready.
Trust is the safety net that allows for new thinking and enables innovation by providing an atmosphere that allows and accounts for inevitable mistakes.
Curiosity is the lifeblood of creativity. To build a culture of innovation, organizations should create a climate that nurtures critical thinking, where challenging authority and speaking up are encouraged, even if it means creating discord.
Experimentation: Organizations succeed when they keep experimenting while focusing on the horizon as the dynamic environment continuously changes.
Persistence: A successful organization provides support, guides and adapts as issues arise.
Grit: People with grit show courage, strength of character and resolve during inevitable difficulties, making this a key differentiator in today’s marketplace.
Collectiveness: Observing the balance of roles in a team offers insight into its dynamics. It also indicates the likelihood of success or failure for an assigned task.
Diversity: For innovation to happen you need diverse perspectives to navigate a rapidly evolving world.
Learnability: What you know is less relevant than what you may learn and knowing the answer to questions is less critical than having the ability to ask the right questions in the first place.
Digital organizations today are judged on much more than technology investments - beliefs, purpose, character and overall decision making. These assets build the foundation for culture. To assess your company’s Culture of Innovation and solutions to measure your progress and accelerate your ability to achieve ROI, visit www.manpowergroup.com.sg/digital-workforce-transformation.
About ManpowerGroup Singapore
Established in 1996 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through ManpowerGroup® Solutions, Manpower®, Experis®, and Right Management®. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sg
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of the World's Most Ethical Companies for the tenth year and one of Fortune's Most Admired Companies for the seventeenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com