Organisations embarking on change programs in order to enhance innovative capability invoke significant costs both financial and human resources. It is known that the greater majority of change programs fail. This is primarily due to insufficient attention paid to the corporate culture in the organisation. Leaders and managers of firms have a pretty good idea of where they want to be but little idea of where they are. The InnovoQuest tool is designed to show organisations their current state both in terms of corporate culture and also in their innovative capability.
Understanding and knowing the corporate cultures you want in an organisation is a ‘money in the pocket’ investment for CEOs if they get it ‘right’. One of the primary roles of the leaders and managers in an organisation is to reconcile the cultural dilemmas and to make the best of the cultural strengths displayed while reducing the cultural weaknesses identified. The monetary benefit to the organisation is difficult to quantify but even something as little as an extra five minutes productivity per day can result in a significant amount in twelve months.
The financial benefits of increased morale, loyalty to the organisation, trust, reduced absenteeism, fewer people leaving incurring costs of recruitment and training, increased productivity, fewer mistakes can all be attributed to understanding and getting the corporate culture ‘right’.