Innovation
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The document discusses work-life balance at Microsoft's campus in April 2012. It includes charts comparing the revenue and market capitalization per employee of Microsoft and other tech companies like Yahoo, Google, Facebook, and Intel. It also provides tips for fostering innovation such as not pursuing perfection, encouraging creativity, maintaining high morale, removing weak links, and promoting inter-disciplinary learning.
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Innovation
- 1. April 2012
- 5. Revenue Per Employee $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $- Yahoo Google Facebook Microsoft Intel Trade Me
- 6. Market Capitalisation per Employee $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- Yahoo Google Facebook Microsoft Intel TradeMe
- 8. Perfection is the enemy Herd your black sheep Look for intensity The McKinsey Quaterly Foster Innovation
- 9. Creativity doesn’t happen in a vacuum High morale makes creativity cheap Don’t try to “Protect you success”
- 10. Making $$ Can’t Be Your Focus Get rid of Weak Links Encourage Inter-disciplinary Learning
Editor's Notes
- To come up with their best new ideas, most companies turn to an inexpensive and efficient source of innovation: their own employees. Despite universally high levels of unemployment, it is still a competitive landscape for talent – innovative employees.How can we recruit, retain and motivate innovative employees? How can you unleash the creative spirit lurking in your workforce?
- These tech companies seem to understand that quality of life affects productivity — and that having to run fewer errands after work means you’re more likely to stay at the officehttp://mashable.com/2011/10/17/google-facebook-twitter-linkedin-perks-infographic/What is their work environment like?http://mashable.com/2011/10/17/google-facebook-twitter-linkedin-perks-infographic/
- Lesson One: Herd Your Black SheepWe gave the black sheep a chance to prove their theories, and we changed the way a number of things are done here.Lesson Two: Perfect is the Enemy of InnovationCertain shots need to be perfect, others need to be very good, and there are some that only need to be good enough to not break the spell.Lesson Three: Look for IntensityInvolved people make for better innovation… Involved people can be quiet, loud, or anything in-between—what they have in common is a restless, probing nature:
- Lesson Four: Innovation Doesn’t happen in a VacuumI got everybody in a room.Lesson Five: High Morale Makes Creativity CheapIf you have low morale, for every $1 you spend, you get about 25 cents of value. If you have high morale, for every $1 you spend, you get about $3 of value.Lesson Six: Don’t Try To “Protect your success”“You don’t play it safe—you do something that scares you, that’s at the edge of your capabilities, where you might fail. That’s what gets you up in the morning.”
- Lesson Seven: Steve Jobs Says ‘Interaction = Innovation’Steve put the mailboxes, the meetings rooms, the cafeteria, and, most insidiously and brilliantly, the bathrooms in the center—which initially drove us crazy—so that you run into everybody during the course of a day. [Jobs] realized that when people run into each other, when they make eye contact, things happen. So he made it impossible for you not to run into the rest of the company.Lesson Eight: Encourage Inter-disciplinary LearningPixar basically encourages people to learn outside of their areas, which makes them more complete. [and more creative].Lesson Nine: Get Rid of Weak LinksPassive-aggressive people—people who don’t show their colors in the group but then get behind the scenes and peck away—are poisonous.Lesson Ten: Making $$ Can’t Be Your FocusIt seems counterintuitive, but for imagination-based companies to succeed in the long run, making money can’t be the focus.http://gigaom.com/2008/04/17/pixars-brad-bird-on-fostering-innovation/