Front-line employees and regular customers have the best insight in optimizing your organization, from brick-and-mortar stores to internal operations.
Since its founding, Costco has always had a focus of putting their employees first. This includes offering higher wages, which is possible because of their low turnover rates. As a matter of fact, Costco has the lowest turnover rates in the retail industry. For Employees who have worked at the company for more than one year, the annual turnover rate is below six percent. According to their CEO, another reason
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I, along with most of the people reading this article have a subscription to Amazon Prime. It’s transformed the way that we shop, purchase, and receive everything from computers to toothpaste. It has truly redefined what “on demand convenience” means. But, did you know that Amazon Prime was actually an idea submitted by an Amazon employee? Amazon’s goal was to find a new type of customer loyalty program that would
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Ensure large-scale engagement with your innovation solutions with these four tips.
Setting the stage for innovation is just as important as doing the innovation work.
Some companies have resumed in-person work policies safely, while others are still WFH. Regardless of your position, your innovation program doesn’t have to be put on hold.
When you invest in an innovation program, you want to ensure there’s a high engagement rate. Here’s how you can do that with your employees’ help.
Too many cooks in the kitchen, or not enough cross-organization insight? Your corporate communication style could be hindering your innovative potential.
AI and automation are two of the most innovative pieces of tech in 2020, but which industries are leveraging them and disrupting others in their space?