Tuesday, December 28, 2010

Stimulate innovation by competition

Many companies have ignored the effective stimulation of competition on innovation. This may be a great loss: competition against not only the past is a powerful contributing factor to innovation, according to group leaders of the General Electric Global Research said Mark Little, the competition also significantly improved against the company to develop better aircraft engines, composite materials and power generation equipment. The following article suggests that if R & D team has not against the introduction of competition mechanism, then, that executives should have a sense of innovation to seek more opportunities to build the team and appreciated the work of different teams in different ways made the difference between the differences and market testing. The rivalry into one of the most valued results - outputs and better products and services - the culture, could become a powerful positive force.
Companies seek new sources of creativity necessary to look at history to understand the Italian Renaissance had prompted a lot of competition in artistic innovation of effective confrontation.
Business leaders read history and modern management of the similarities, the often very surprised - they have reason to so. There is no doubt provide outstanding leadership in school tutorial, there are many people will be stronger than Attila the Hun king, but we do not know in business strategy, Alexander the Great can teach us something? So, when we proposed the premise of this article, the heart can not help in some confusion, our premise is: the Italian Renaissance is a very creative period in terms of how to stimulate innovation, it should be able to give people today inspiration.

No comments:

Post a Comment