How To Build An Innovative Workplace Culture With Experimentation

Jurate Gulbinas   |   18 Jan 2017   |   2 min read

In a company in this day and time, a company must rely on innovation and change in order to stay ahead of the game. However, it is easy to experiment carelessly with new ideas which will lead to unfortunate consequences. Rather than implementing large scale experimentation, companies should encourage experimentation with individuals in the company, and teach them to celebrate failures in order to keep an open minded atmosphere.

Key Takeaways:

  • A culture of innovation cannot exist without a culture of experimentation.
  • Modern business is far more competitive and data-reliant than it was in the past.
  • Building a process for testing is just one part of creating a company culture of experimentation

“Most people know that risk is a large part of business. Some companies shy away from experimentation because of the fear of failure, but the risk of not taking action is similarly destructive.”

http://www.forbes.com/sites/danielnewman/2017/01/10/how-to-build-an-innovative-workplace-culture-with-experimentation/

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This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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