Innovative Culture An innovative culture helps to create an environment where new ideas are encouraged, and where people are willing to take risks to achieve their goals. This type of culture can help to spur growth and create a competitive edge. - Creativity and new ideas are encouraged and celebrated. It is a culture that is open to change and is constantly looking for ways to improve. An innovative culture is one that is not afraid to take risks and is always looking for new and better ways to do things. - Employees are encouraged to be creative and to come up with new ideas. They are given the freedom to experiment and take risks. - Failure is seen as part of the learning process and is not punished. - There is a strong focus on collaboration. Employees are encouraged to work together to solve problems and to come up with new ideas. There is a strong belief that collective intelligence is more powerful than individual intelligence. - Change is seen as an opportunity for growth. Employees are encouraged to embrace change and to view it as a chance to learn and improve. - Employees are empowered to take ownership of their work and to make decisions. They are encouraged to be proactive and to take initiative. - Diversity is valued. Employees of different backgrounds, experiences, and perspectives are seen as an asset. This diversity is seen as a source of new ideas and perspectives. - Employees are given the resources and support they need to be successful. They are given the opportunity to develop their skills and to grow their careers. - The work environment is positive and supportive. Employees are treated with respect and are given the opportunity to thrive. Their contributions are recognized and appreciated. - An innovative culture is one that is constantly evolving. It is a culture that is always looking for new and better ways to do things. - An innovative culture is one that is open to change and is always looking for ways to improve. [ibm-institute]

The Three Horizons of Growth model is based on the idea that businesses must constantly be looking to the future and planning for growth. The model was first proposed by McKinsey & Company in the early 2000s, and has since been used by many organizations to plan for growth. The model has three horizons, each representing a different time frame. The Three Horizons of Growth model is a valuable tool for any company that is looking to grow. By using the model, companies can create a roadmap for growth and invest in the areas that will have the biggest impact. Companies need to simultaneously work on products in all three horizons. This maximizes growth potential while minimizing the risk in the product portfolio. (ibm-institute)

The innovator’s dilemma is a situation in which an organization is forced to choose between investing in new technologies or products, and maintaining its current products and technologies. The dilemma arises when the new products or technologies are not compatible with the current ones, and the organization must decide whether to stick with the tried-and-true or take a risk on the new. (ibm-institute)