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Posts Tagged ‘Profitability’

Incremental Competitiveness

In modern organizational life, invention is the engine of competitiveness. Multi-year on-going Research by The Gallup Organization and Towers Perrin proves that organizations that effectively engage their employees out-earn their competitive peers by 20-28 percent. Some research has shown the numbers can be even higher. These organizations out- earn their peers because they out -invent them. IT IS THAT SIMPLE.

The employees are creating value by delivering superior products relative to price, and the quality of the product and the cost to deliver it are all driven by micro inventions–little bitty improvements. Therefore, he who drives the most micro improvements wins over time. This seems so obvious. Yet few leaders capitalize on this approach. Why is this the case? Do you agree?