Does Your Team Have What it Takes? Examining Team Composition for Innovation Success, by Jonathan H. Westover PhD
Manage episode 451901151 series 3593224
Abstract: In today's rapidly evolving business landscape, innovation is critical for organizational success, yet many companies struggle to cultivate truly innovative solutions. Substantial research has revealed that the composition of the innovation team itself is a key factor underlying the success or failure of innovation efforts. Innovative capacity is tied to individual personality traits like openness, risk tolerance, optimism, and self-efficacy, while team dynamics such as diversity of skills and backgrounds, psychological safety, and constructive conflict resolution are also essential for unlocking creative potential. By carefully assessing individual attributes, auditing team composition, and cultivating the optimal conditions for breakthrough thinking, organizations can reenergize stalled innovation initiatives and position themselves for sustainable competitive advantage through transformative innovations, as demonstrated by leading companies like Procter & Gamble, IDEO, and Tesla that have prioritized strategic team design.
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