Seven Inexpensive Ways to Foster Innovation
As the economy continues to show early signs of recovery, innovation has become the mantra of many CEOs. And rightfully so - it is abundantly clear that the future will not be a linear extrapolation of the past. A convergence of powerful forces has created a fundamental turning point in the economy. Smart innovation is the key to our future prosperity, both as individuals and as organizations.

But where does innovation come from? And how do you create the circumstances that foster it, increasing the odds it will occur? Innovation can't be decreed. Although sometimes it happens by chance, more often it occurs because the conditions are right.

In our analysis of hundreds of organizations, and hundreds of millions of bits of data over the past two decades, we have identified seven simple, inexpensive actions that foster innovation (and drive business results as well):