The Innovative Workforce

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What do Stanley Black & Decker, Newell Rubbermaid and Intel have in common? They all are cooking up a new recipe for innovation, one of the highest priorities for executives today and an area where workforce leaders often struggle. Join us for a webinar on how to foster innovation in the workforce. Three experts talk about new approaches to creativity: Hal Gregersen, professor of Innovation and Leadership at INSEAD and co-author of The Innovator’s DNA: Mastering the Five Skills of Disruptive Innovators. Todd Henneman, freelance writer and author of a recent Workforce cover story about innovation in the workforce. Ed Frauenheim, senior editor at Workforce and co-author of a forthcoming book about innovation strategy in America. You’ll hear stories about companies on the cutting-edge, and we’ll share results from our exclusive research on the most effective strategies for cultivating creativity.

Transcript of The Innovative Workforce

You can listen to today’s webinar using your computer’s speakers or you may dial into the teleconference.

If you would like to join the teleconference, please dial 1.650.479.3208 and enter access code: 923 826 592 #.

You will be on hold until the seminar begins.

Speakers: Hal GregersenProfessor of Innovation and LeadershipINSEAD

Todd HennemanFreelance WriterWorkforce

Moderator: Ed FrauenheimSenior EditorWorkforce

• Q&A– Click on the Q&A icon on 

your floating toolbar on the top of your screen.

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2. Will I receive a copy of the webinar recording?YES

Please allow up to 2 business days to receive these materials.

Speakers

• Ed Frauenheim, author and senior editor, Workforce

• Todd Henneman, writer and author of Workforce cover story on Innovation

• Hal Gregersen, INSEAD professor and co‐author of The Innovator’s DNA

Agenda

• The Context: Innovation’s Importance

• The Innovator’s DNA 

• Best Practices

• Our Research on the Innovative Workforce

• Q&A

Innovation Matters to CEOs

• #3 CEO Challenge in 2013

• #1 Challenge in 2012

Source: The Conference Board CEO Challenge® 2013

Innovation Matters Less to Workforce Leaders

Source: 2012 Workforce survey involving 1,018 respondents

But They Are Getting the Message

Source: 2012 Workforce survey involving 1,018 respondents

Innovation Anxiety

• 4 in 10 organizations see themselves as ineffective at fostering innovation

Source: 2012 Workforce survey involving 1,018 respondents

TheInnovator’sDNA

HAL GREGERSENINSEADThe Business School for the WorldTwitter: @halgregersen

Mastering the Five Skills of Disruptive Innovators

fivediscovery 

skills

CatalyticQuestioning

Start with

Observing

Networking

Experimenting

Get to work with

DeepObserving

new ideaNetworking

Not like me

Profession or Education

Organization function

Organization

Industry

Gender

Age

Nationality

Political group

Religious group

Socio‐economic group

Marc BenioffFounder and CEO, Salesforce.com

ActiveExperimenting

Try out new experiences

Take apartproductsprocessesideas

Mir ImranChairman & CEO, InCube Labs and InCube Ventures

Test ideas

rapid pilotsrapid prototypes

AssociationalThinking

Finish with

Steve Jobs

“Creativity is connecting things.”

iPod

Help Wanted Ads

Help Wanted Ads

360 degree feedback

Help Wanted Ads 

360 degree feedback

fivediscovery 

skills

Everyone has more

creative capacity

than they think.

act different(ly)

think different(ly)

make a difference

the project

Best Practices for Innovation

Today’s formula

• Define innovation

• Communicate strategy

• Nurture trust

• Broaden perspectives

• Tap technology

• Embrace failure

• Reward collaboration

• Look at a lab: Xylem Inc.

Define Innovation

Communicate the strategy

Nurture trust

Broaden perspectives

Tap technology

Embrace failure

Reward collaboration

Case: Rise of Xylem’s innovation lab

Workforce Research on Workforce Innovation

Employees Are Key to Creativity

Source: 2012 Workforce survey involving 1,018 respondents

The Most Effective Strategies 

CollaborationAutonomyExpertiseTechnology

Source: 2012 Workforce survey involving 1,018 respondents

The Mismatch

Many Employers Don’t Provide Autonomy

Source: 2012 Workforce survey involving 1,018 respondents

Innovation Often Isn’t Measured

Source: 2012 Workforce survey involving 1,018 respondents

Your Questions

Thank You!

Ed Frauenheim

efrauenheim@workforce.com

@edfrauenheim

Workforce package on Innovation:

http://www.workforce.com/section/innovation

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