Thursday, November 8, 2007

Management Secrets of Idea-Friendly Companies




New ideas are the lifeblood of many industries, yet dropping everything to pursue any faint glimmer of genius is no way to run a business. How do smart companies balance the two? By setting up standard procedures for collecting and evaluating good ideas, no matter when or where they strike. Whether it’s a company intranet, a regular meeting, or a full-time department, dedicated resources are the best way to make sure brilliant suggestions don’t slip through the cracks. These are the techniques IBM, Toyota, and Motorola use to nurture their employees’ best new ideas.

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