Ep 16. Developing a Culture of Innovation

In this episode, Marc Babin speaks with Dave Casey about the critical role of innovation in business, particularly in the automotive industry. They discuss the importance of fostering a culture of innovation, the fundamental steps to implement it, and the challenges organizations face. Dave emphasizes the need for clear strategies, small agile teams, and learning from other industries to drive innovation forward. The conversation highlights the necessity of patience and effective communication in navigating the complexities of innovation.

Takeaways

• Innovation is essential for survival in business.
• Organizations must have a clear innovation strategy.
• Small teams are more effective for innovation.
• Patience is crucial in the innovation process.
• Learning from other industries can inspire innovation.
• Evaluation methods can hinder innovation efforts.
• Innovation is fundamentally a human endeavor.
• Tesla's approach to innovation has disrupted traditional models.
• Kodak's failure to adapt serves as a cautionary tale.
• Consistent communication of vision is vital for success.

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