Break the Box: Build an idea driven organization
Break the Box: Build an idea driven organization. Some years back, I stumbled on a story of how an excellent organisation that was the envy of competitors ran into troubled waters with one of its fast-moving products. It was a terrible moment for the company as the share price experienced a free fall; the reputation of the company was under water; investors lost confidence, and the government wielded the big hammer. The management team tried to solve the problem by every means they knew.
They spent so much time and resources and still got no solution. Finally, they gave up and sold out. Few days after, it seemed that the new owners had solved the issue. The former owners were baffled and shocked industry watchers. They launched a full-scale investigation that revealed what happened — a junior employee had a game-changing idea to resolve the problem but did not have the opportunity to be part of the brain in the game. Once, he summoned the courage and approached the former management team, but they did not have the patience to hear him out. (more…)