Be Less Zombie

Companies fail if they don’t prioritize innovation.

Most leaders hope their businesses will become “unicorns” – innovative, billion-dollar companies – but in reality, most are “zombies”: monolithic organizations that cling to outdated modes of doing things and don’t see growth. Most companies fail to innovate because it requires unsettling the status quo, and people fear disruptive change. 

Create the conditions for innovation using the Turn It On strategy framework: Align your company’s idea development processes with its capabilities, resources, leadership and culture. Your innovation framework should trigger optimal levels of growth and anticipate the effects of new industry trends. Ensure you ground your innovations in consumer insights. 

Research shows that more than half of companies have difficulties aligning their innovation and business strategies. Find alignment by creating financial dependency: Identify a metric that links financial sales targets to innovation, and motivate teams by correlating the meeting of sales targets with bonuses. Your strategy must allow ...