Download and customize hundreds of business templates for free
A small business can use the strategy of promoting original ideas to grow by fostering a culture of innovation and openness. This can be achieved by encouraging all employees, regardless of their position, to voice their ideas and critiques. This approach can help avoid groupthink and stagnation, and instead promote independent thinking and creativity. Decisions should be based on the quality of the idea, not the seniority of the person proposing it. This can lead to the development of novel strategies and solutions, contributing to the growth and success of the business.
Question was asked on:
Despite being a part of the volatile financial services industry, Bridgewater has thrived; it is consistently praised for its innovative strategies. Its secret is promoting the expression of original ideas. The company avoids the stagnation of groupthink by inviting dissenting opinions. Every employee is expected to voice concerns and critiques directly to each other; they are evaluated on whether they speak up. They are even expected to challenge the core principles. Dalio wants people who think independently and so enrich the culture. Decisions are not based on seniority, as at Polaroid, but on quality.
Asked on the following book summary:
Learn how innovators and original thinkers across time developed their novel ideas, mitigated risks, persuaded others, and changed the way we all see...
Download and customize hundreds of business templates for free
How do you inspire salient ideas and collaborate with your team in a brainstorm session? Use our Mind Map collection to visually organize information by themes, hierarchy, and causal relationships, and find the common thread that can lead you to out-of-the-box thinking. Since solutions are rarely surface-level, deeper exploration of each problem is needed. Mind Maps encourages you to keep digging deeper and draw insights from potential solutions.
How can you accelerate the cerebral engines that power those “Aha!” moments? And what sets a good idea apart from just any average idea? Whether it’s as a collaborative effort with other team members, or a solo endeavor at your desk, or thinking on-the-spot during a case interview, or even leading a workshop, use our collection of Brainstorming Techniques to upkeep the mind palace.
How to know if an idea is worth pursuing? Companies need tried-and-true ways to discover the next big idea that will disrupt their industry. This Idea Testing presentation template includes tools that can be customized to different business scenarios and provide a framework for brainstorming and testing new ideas.
Feel overwhelmed by a seemingly complex problem? Download the Problem-Solving Frameworks template to deconstruct problems into a series of smaller, logical steps. This deck includes tools that survey and identify a problem, explore potential causes, brainstorm potential counter measures, implement proposals, and then evaluate the outcome.