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Creativity

A lot of companies, both big and small, have been guilty of letting faulty practices creep in, eventually letting the company rot. Newer entrants often exploit this gap, with incumbents being too busy to spot their own flaws. Sometimes, bad habits get ingrained so deep, that the top executives even forget about their best practices. An analogy may be drawn from certain tribal societies where tattooing may be harmful for the one receiving, but nonetheless is displayed with a deep sense of pride. Sometimes the bad habits that get inadvertently built into the corporate strategy, started off due to some genuine advantages. These advantages were more visible than the disadvantages, but in the long-run, it is the latter that has the greater impact.  Sometimes, even governments and regulatory bodies can unintentionally aid this, by putting results ahead of procedures as is the case with the IVF industry in the UK. Companies have also been found guilty of faulty benchmarking, where blindly concepts are taken out from industry leaders, irrespective of scale or context. This inhibits their innovative abilities. Bad habits also often spread like wildlife, a bit like herd-mentality.

Source:https://www.strategy-business.com/article/How-to-Banish-Bad-Habits-from-Your-Company?gko=1c396

Uploaded Date:03 March 2018

Repeated experiments have brought out solutions to help induce increased bites of creativity. There is a subtle difference between the brain and the mind, as recognized by psychologists and psychoanalysts today. While the brain is the hardware that absorbs experiences, the mind is the software that analyzed all experiences to form coherent meaning. A management training routine involving a simple game of handcuffs worked with several sets of teams revealed that most failed to win this due to over-analysis. When the mind was shut-off, the teams solved the conundrum within minutes. This is by using an old quote by Albert Einstein when the legendary scientist talks about the importance of absorbing the question in before going out to solve it. Human beings are adept at leaping or jumping to conclusions. The Einstein solution discussed in the book Winning the Brain Game, though is frame-storming. At the first stage, questions need to be generated. Once this has been done, the problem-solver has to simply decide on the two best options to choose, before whittling it down to a single solution.

Source:http://innovationexcellence.com/blog/2018/02/20/double-your-creativity-with-one-simple-step/

Uploaded Date:27 February 2018

Almost in every conceivable job, creativity is increasingly being tested. One needs to use out-of-the-book solutions for product launches, solving stakeholder issues and satisfying customer needs. That is why several organizations such as Goldman Sachs, Medtronic and Google have curated corporate training sessions on mindfulness meditation. Such exercises have helped reduce stress and foster an environment conducive to implementing innovations. Conveniently, not much time is needed, as ten to twelve minutes daily on a regular basis may be enough. A study conducted by the Rotterdam-based Erasmus University in the Netherlands to find out the effectiveness. It was found out that the group which practiced genuine meditation outpaced the others by substantial margins.

Source:https://hbr.org/2017/08/can-10-minutes-of-meditation-make-you-more-creative?utm_campaign=hbr&utm_source=twitter&utm_medium=social

Uploaded Date:09 January 2018

A new book released Blue Ocean Shift, has been written by management thinkers Chan Kim and Renee Mauborgne explores how certain companies are deviating from the established norms and setting value accordingly. Most industries today are seeing massive overload of competing companies. Retail is one such example. However, instead of competing in these red oceans, the creative ones are instead developing blue ocean strategies. A lot of focus is put on disruptive innovation. However, significant business innovation has taken place via non-disruptive paths as well. Prominent examples of this are online dating, microfinance, Sesame Street and Viagra. None of these put anyone out of job but instead created something totally new. Life coaching is another such, even though it didn’t even exist just two decades back but is now the second highest growing profession in the US behind IT only.

Source:https://knowledge.insead.edu/strategy/what-it-takes-to-shift-from-competing-to-creating-7246

Uploaded Date:14 December 2017

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