1. Build clusters of excellence. Single companies have a tough time in isolation!
2. Provide meaningful ownership incentives to all employees. Share the big picture with every employee, often. Establish, communicate frequently and live a concise, coherent set of Corporate Values—”walk the talk.”
3. Embrace change as a constant. Know how to evolve your company and its strategy in response to outside competitive forces. Stagnation around outdated concepts and “staying the course” can be your enemies.
To read the full, original article click on this link: Five Ideas for Building the Innovation Economy in Michigan | Xconomy
Author: William Rastetter
