Ted Fick appreciates the value of innovation, particularly as a tool for optimizing operational performance, creating new streams of revenue and helping to drive dramatic growth for the organization.
A senior executive with decades of experience leading multimillion-dollar, multinational organizations through periods of significant expansion and growth, Ted Fick understands the power of innovative ideas, processes, and products to deliver amazing results for a company’s productivity and bottom line.
Cultivating an innovative work environment can itself be a powerful way to inspire new ideas and drive company success. To do so, it’s crucial to:
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Learn to embrace failure:
Any type of innovation comes with a certain level of risk. And when your company is willing to accept that risk—and embrace failure from time to time—you’re creating an environment where employees are more likely to experiment and introduce ideas that could one day become breakthroughs for your firm.
Dedicate adequate resources:
Developing innovation requires extensive resources. When you’re willing to commit such resources to shape and testing new ideas, you’re giving great ideas the opportunity to flourish.
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