To stay relevant these days, your company must innovate or die. For many leaders, scarier words have never been spoken. But it might take the pressure off to realize the “I-word” doesn’t necessarily mean what you think. An innovation doesn’t have to be a hot new product worthy of Steve Jobs or a Eureka! moment that transforms your company.
Setting your sights on achieving a steady stream of tiny incremental innovations can be an incredibly powerful approach, says Patrick Stroh, author of Advancing Innovation: Galvanizing, Enabling & Measuring for Innovation Value! (Institute of Management Accountants, 2015). “It’s easy to be intimidated if you