Financial incentives and creativity - Deepstash
Diverse And Inclusive Workplaces

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Diverse And Inclusive Workplaces

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Financial incentives and creativity

Not only do financial incentives fail to increase creativity, but experiments also show that they actually reduce it.

Financial incentives have been proven to increase productivity in simple and repetitive tasks. They fall under the category of extrinsic motivation. However, complex tasks, especially the creation of new ideas, are motivated intrinsically, within the task itself.

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614 reads

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Innovation in Entrepreneurship and Startups

Innovation in Entrepreneurship and Startups

Innovation can be achieved by mature, large companies, not only by startups.

While most innovation comes from startup companies, some of the top innovative companies are mature and large (Apple was founded in 1976 and generates $228 billion. Google: 1998, $78 billi...

264

1.13K reads

Being born creative

Creativity can be learned and exercised.

It can be affected by your practices, how you expose yourself to old ideas, procrastinate to let them incubate, trigger the combination of those ideas into new ones, and relax to let it happen. Great ideas might feel accidental, but...

278

1.08K reads

Increasing innovation organically

Increasing innovation organically

Just as individuals can increase their creativity levels, so can companies:

  • Hire more creative people: people who have invested efforts in becoming more creative.
  • Create a climate that motivates those individuals (and teams) to be more crea...

240

835 reads

Driving innovation

Driving innovation is not effective. You cannot mandate it. You cannot force employees to be creative, but you can let them know that trying things and failing is acceptable, as long as they learn from this process.

You can promote the behaviors that increase creativity, a...

248

781 reads

Time and space for creativity

You cannot control where and when ideas will happen. You can only create an environment in which employees and teams will become more creative, and processes for the organization to implement the best ideas.

But this environment needs to exist seven days a week, 24 hours ...

250

693 reads

Innovation initiatives in organizations

Innovation initiatives don't need to be implemented throughout the entire organization.

Autonomy and freedom from processes and bureaucracy belong in some areas of the company, but not all of them. Your creative teams, those responsible for developing new ideas, need to b...

226

593 reads

Innovation and Creativity

Innovation and Creativity

Creativity is about formulating new original ideas, while innovation is about how those ideas are being incorporated to produce and introduce new, useful, and feasible products, services, processes, or business models by an organization.

Those two are rela...

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1.76K reads

Resources and funding for innovation

Resources and funding for innovation

There is no evidence that the amount of money invested in innovation yields better creativity. In fact, it is better to innovate with limited resources because you are being effective and efficient at the same time.

You are able to utilize what's available and turn it into...

235

548 reads

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"The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.”- John Maxwell

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