Values create cohesion among teams and employees in complex organisations. Read this article by Joe McDevitt to find out how to create good company values.
The current understanding in modern business is thus: innovate, or risk being knocked down the economic ladder by a company “hungrier” and more forward-thinking than you are.
So, what can companies do to foster innovation in their specific industries?
The answer is deceptively simple: cultivate a work environment where staff feel satisfied and engaged. A highly engaged staff means higher retention, which in turn means greater productivity and satisfied clients.
The importance of human capital cannot be underestimated. With over 80% of a company’s total value lying in intangible assets such as people, it only makes sense that a major limiting factor in company growth is the availability of skilled workers. Guy Whitcroft calls on CEO’s to take note and start playing a more active role in talent recruitment.
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