“Many companies claim that innovation is a top priority. But not all companies approach innovation correctly. In fact, most are doing it wrong.”
In this article, Don Sharp, CEO of Coolfire Solutions explains innovation, not as an isolated component of a business model, but as a company-wide strategy implemented from the top-down. He argues that a culture of innovation requires organizations to:
Break down barriers between innovation departments and P&L-focused business units
Ensure all departments include innovation in their business goals
Reward (and learn from) productive risk-taking
Through his years of experience as an executive for Fortune 50 companies and as a founder of a software startup, Don offers his advice on how modern companies can better prioritize innovation – starting with the elimination of their innovation departments.
Don Sharp is a respected innovator with more than 25 years of tech experience working at companies ranging from startups to Fortune 50 companies. A graduate of Notre Dame University, Don currently serves as Chief Executive Officer of Coolfire Solutions, a technology company focused on transforming data into actionable intelligence for major enterprises.