$10,000 for Innovation

January 13, 2010

Businesses all over the world ask themselves the same questions every day.  Or, if they don’t, they probably should.

“How can we make our company better? Run smoother? More efficient? Make more money?”

Often times we look outside the company for help or advice.  Sometimes we think that we know all the answers and we don’t need help from anyone.  And much of the time I am sure that we just expect things to get better without trying at all.

But take this new idea from the struggling publisher, Conde Nast.  They are offering their employees a $10,000 prize for whoever comes up with the best idea to improve the company.

Sure this is probably a sign of desperation more than anything else, but it still makes sense.  The reason companies hire people is to move forward.  In essence, you want every employee to not only do the job that they were hired for, but to bring new ideas forward and shake things up.  Every entrepreneur from an early point in their lives learns that you are suppose to surround yourself with people that are smarter than you to help you succeed.

Why don’t more companies look internally for help when looking to create a change?  And why don’t more companies have rewards in place (maybe not $10k) for employees that take on that challenge?

I am a strong believer that innovation most often comes from within.

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