In order to foster increased levels of business innovation, Google abides by nine principles which are recommended to others as well. An important thing to acknowledge is that innovation cannot be curated, but is something which can arise from anywhere. Any innovation will only be useful till it is focused on the needs of the final users. A lot of so-called innovation is simply incremental. Companies must aim for substantial transformation up to ten times and not a mere ten percent. Any business intelligence received on technological transformations must be supported to view the progress. Another insight provided by Google is that companies must not wait for the ideal market to be developed, but must quick to launch into the market to experiment, and later improvise if need be. Google has a principle where each person must spend a fifth of one’s office hours in creative tasks. Failure is celebrated at Google, because otherwise risks will never be taken. Google also believes in being open to the outside world, so that the best ideas can constantly pour in. Finally, each organization must have a mission which drives its very work.

Source:http://innovationexcellence.com/blog/2016/09/19/learn-from-the-best-googles-nine-principles-of-innovation/

Uploaded Date:27 October 2017