The Planet and Me Insights: How To Build and Strengthen the Innovation Muscle

March 03, 2025 05:05 AM PST | By 3BL

Google News:

The Planet and Me Insights: How To Build and Strengthen the Innovation Muscle — Image source: Kalkine Media

Recent News

Teva Pharmaceutical Stock Surges Despite Recent Dip NYSE Composite

Loews Performance Surges With Strong Fundamentals S&P 500

PPL Corp Sees Steady Growth in Utility Sector NYSE Composite

AECOM Stock Gains Amid Strong ROE and Earnings Growth NYSE Composite

Cummins

The Planet and Me webinar series helps professionals thrive in today's fast-changing business landscape through focused, expert conversations. In this 30-minute episode packed with actionable insights, I spoke with Delphi Group founder Tom Kouropoulos about enhancing leadership while building innovative organizations. He shared why embracing a “license to fail” mindset drives transformative change, turning today's uncertainties into tomorrow's essentials. His insights on forward-thinking solutions, particularly in energy transition, offer surprising yet crucial perspectives for our future.

With 30 years of advising global organizations under his belt, Kouropoulos gets to the heart of why organizations struggle with innovation. “Everyone has to believe that they have the right to submit their ideas and that their ideas, when submitted, will find someplace to get a foothold,” Kouropoulos says. “If you don't create that sort of a track record, people are going to get the message that it's not their job.”

Practical approaches to build and strengthen the innovation muscle:

To build and strengthen this innovation muscle in your company, Kouropoulos advocates for two practical approaches I found particularly valuable.

Scenario-based planning builds organizational resilience and adaptability as businesses take risks to get to that next step.
Building centers of competency, which are dedicated spaces for innovation within organizations. At Cummins Inc., I have seen multiple business units incorporate centers of competency to foster ideas about how best to engineer our products and services.

Tom says adopting these approaches can help businesses reimagine their innovation strategies. Here are some of his key takeaways.

Innovation is not instant – it requires cultivating a company-wide culture.
Every employee needs to feel they have a license to innovate and fail.
View AI as a collaborator that enhances human creativity.
Measure innovation success through clear metrics and sustainable practices.

Watch the full interview to hear Kouropoulos' insights on building innovation competency within your team, from setting parameters for acceptable failure to creating a culture where new ideas can flourish.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.