Innovation Requires Humility and Courage
By Edward Hess
Most public companies hit a growth wall after exhausting the strategies of cost-cutting, stock buybacks, and continuous acquisitions to generate needed earnings per share. That leaves innovation—the creation of new differentiating value propositions—as the untapped value creation avenue. Unfortunately, innovation remains a struggle for many businesses for the reasons stated in my earlier piece, “Why Is Innovation So Hard?,” and because companies can’t innovate unless their people innovate. In this piece I want to focus on what enables people to become innovators—those who, as noted psychologist Abraham Maslow stated, “do not cling to the familiar.” Read more at the U.Va. Blog on Forbes.com.
The University of Virginia Darden School of Business prepares responsible global leaders through unparalleled transformational learning experiences. Darden’s graduate degree programs (MBA, MSBA and Ph.D.) and Executive Education & Lifelong Learning programs offered by the Darden School Foundation set the stage for a lifetime of career advancement and impact. Darden’s top-ranked faculty, renowned for teaching excellence, inspires and shapes modern business leadership worldwide through research, thought leadership and business publishing. Darden has Grounds in Charlottesville, Virginia, and the Washington, D.C., area and a global community that includes 18,000 alumni in 90 countries. Darden was established in 1955 at the University of Virginia, a top public university founded by Thomas Jefferson in 1819 in Charlottesville, Virginia.
Press Contact
Molly Mitchell
Associate Director of Content Marketing and Social Media
Darden School of Business
University of Virginia
MitchellM@darden.virginia.edu
