How to embrace innovation

Embrace new possibilities ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   New from McKinsey & Company   Curated by Eleni Kostopoulos   Digital Publishing Manager, New York How to embrace innovation Innovation is critical to growth—but that's what makes it risky. It requires bold bets and a willingness to persevere despite setbacks, criticism, and uncertainty. By providing your employees with psychological safety, an innovation-centric purpose, and encouragement—say senior partners Laura Furstenthal and Erik Roth—can help them find the courage to risk failure in pursuit of creative ambition. Check out these insights to learn how to foster a culture of innovation and why it's key to creating value for your organization. Read more Fear factor: Overcoming human barriers to innovation Worries about failure, criticism, and career impact hold back many people from embracing innovation. Here's how to create a culture that accounts for the human side of innovation. Embrace new possibilities  How can CFOs rebrand themselves as innovation allies? They can take five actions to improve objective-setting, performance measurement, and cultural factors associated with successful innovation projects. Empower now  How virtual work is accelerating innovation The age of assuming that innovation requires physical proximity is over. Innovators are embracing a new model. Advance your mindset  In conversation: The CFO's critical role in innovation By embracing discipline and well-defined processes, innovation teams can make finance leaders their biggest allies. Understand the shifts  The innovation function: An interview with Shaun Kenny of Bechtel Infrastructure companies can help meet the needs of future generations by focusing on innovation today. Shaun Kenny discusses how teamwork, training, and technology can help companies get it right. Read the interview  The Committed Innovator: A conversation with Amy Brooks of the NBA The National Basketball Association's chief innovation officer explains how the league seized opportunities presented by the past year's disruption to test new ideas. Influence change, challenge the status quo, and more  Creating high-performance innovation teams at scale For innovation initiatives to succeed, they must be staffed with the right combination of talent. Listen to the episode The innovation commitment To catalyze breakthrough growth, leaders must set bold aspirations, make tough choices, and mobilize resources at scale. Aspire and choose  Bookmark The McKinsey guide to managing yourself—and others for the latest insights and advice from leaders around the world on ways you can improve your personal and professional life. Follow our thinking Share these insights Did you enjoy this email? Forward it to colleagues and friends so they can subscribe too. Was this forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our Strategy alert list. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007