article thumbnail

“Trust Me, I’m a Leader”: Why Building a Culture of Trust Will Boost Employee Performance – and Maybe Even Save Your Company

Strategy Driven

And when they don’t feel safe, they don’t take risks – and where there is no risk taken, there is less innovation, less ‘going the extra mile,’ and therefore, very little unexpected upside. When they’re punished, you instill a fear of risk-taking in your employees, and with that you stifle creativity and innovation.

Company 62
article thumbnail

How Merck Is Trying to Keep Disrupters at Bay

Harvard Business Review

Change and innovation are choices, not givens, in any organization, and there are managerial levers for making these selections wisely. Within EB, Merck first created a Global Health Innovation Fund and then a Healthcare Services and Solution unit to identify, develop, and operate nascent opportunities that fit that thesis.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

“Trust Me, I’m a Leader”: Why Building a Culture of Trust Will Boost Employee Performance – and Maybe Even Save Your Company

Strategy Driven

And when they don’t feel safe, they don’t take risks – and where there is no risk taken, there is less innovation, less ‘going the extra mile,’ and therefore, very little unexpected upside. When they’re punished, you instill a fear of risk-taking in your employees, and with that you stifle creativity and innovation.

Company 50
article thumbnail

How Hewlett-Packard Lost the HP Way

Harvard Business Review

Not to mention boardroom soap operas, front-page ethics scandals, and more changes of direction than a surfer in a hurricane. That's because the work of making deep-seated, meaningful change — sustaining success and unleashing innovation over the long term — is that hardest work there is. Where is the succession planning?

article thumbnail

Calculating the Market Value of Leadership

Harvard Business Review

To gain more insights into a specific firm, investors have shown more interest in intangibles like strategy, brand, innovation, systems integration, collaboration, and so on. intellectual, emotional, social, physical, and ethical behaviors)? Investors have also worked to track and measure these intangibles, even if more subjective.