Published April 09, 2012
A shortage of fresh ideas coupled with a surplus of red tape is holding business leaders back from taking their organization to the next level, new research shows.
A survey by staffing firm Robert Half International revealed that 35 percent of chief financial officers believe a lack of new concepts is the greatest barrier to their company being more innovative, which many cite as the key to success.
Nearly a quarter blame excessive bureaucracy as the top creativity killer, and 20 percent said being bogged down with daily tasks and putting out fires is holding them back from being more innovative.
Max Messmer, chairman and CEO of Robert Half International, believes innovation is the driving force behind every successful business, and said managers should challenge their teams to combat complacency.
"Build in time for brainstorming sessions and other activities that help employees step outside their comfort zones and daily routines," Messmer suggested.
Robert Half offers several other tips for inspiring innovation, including:
The study was based on surveys of 1,400 CFOs of companies with at least 20 employees.
Chad Brooks is a Chicago-based freelance business and technology writer who has worked in public relations and spent 10 years as a newspaper reporter. You can reach him at email@example.com or follow him on Twitter @cbrooks76.
Copyright 2012 BusinessNewsDaily, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.