Set up an Innovation Slush Fund

Set up an Innovation Slush Fund to provide seed money to champions and skunk works. Couple it with allowing your key operations people 10-15 percent of their time to work on projects that they feel have some high innovation potential. The only condition of getting the money or time is a periodic report (preferably voice mail, E-mail, video, or group presentation rather than a bureaucratic memo) on the key lessons learned. Circulate these reports widely.

Like this content? Why not share it?
Share on FacebookTweet about this on TwitterGoogle+Share on LinkedInBuffer this pagePin on PinterestShare on Redditshare on TumblrShare on StumbleUpon

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.