6 best practices for Accelerating Innovation

Andy Jassy — AWS CEO, says, “There is no compression algorithm for experience.” When it comes to pace of innovation, AWS has the most experience and delivers hundreds of features every year.

My team is responsible for providing enterprise customers prescriptive guidance on accelerating digital transformation and propelling pace of innovation. We engage with top executive leaders across numerous industry verticals, and through our engagements we have learned that technology adoption alone does not propel results. Innovation is deeply rooted in organizational culture and is driven by human intellect, creativity, and problem solving. To accelerate innovation enterprise leaders must drive People and Process transformation in parallel with technology adoption.

Below are 6 best practices that leaders can consider when building a culture of innovation for their enterprise.

1. ‘Mitigate’ Bureaucracy: Bureaucracy is important because it establishes a north star for all employees to follow. However, if not mitigated at the right levels, for the right things, it can severely inhibit innovation. Lengthy, bureaucratic approval processes for bringing new ideas to experimentation, discourage employees and ultimately extinguish creativity and innovation.