Eight Attributes of Innovative Companies

Written by on July 18, 2018

Eight Attributes of Innovative Companies

  1. A bias for action: Even though these companies may be analytical in their approach to decision making, there are not paralyzed by that fact.
  2. Close to the customer: These companies learn from the people they serve. The provide unparalled quality, service, and reliability—things that work and last.
  3. Autonomy & Entrepreneurship: The innovative companies foster many leaders and many innovators throughout the organization. They are a hive for champions.
  4. Productivity through people: The excellent companies treat the rank and file as the root source of quality and productivity gain. They do not regard capital investment as the fundamental source of efficiency improvement.
  5. Hands-on, value driven: All Innovative companies are agile and give lot of focus on values.
  6. Stick to the knitting: While there may be few exceptions, the odds for excellent performance seem strongly to favour those companies that stay reasonably close to business they know.
  7. Simple form, lean staff: The underlying structural forms and systems in the excellent companies are elegantly simple.
  8. Simultaneous loss-tight properties: The excellent companies are both centralized and decentralized.

Most of these eight attributes are not startling. Some of them are very simple, but Real power lies in Simplicity.



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