One of the leading reasons for early stage startups to burnout is because they never innovate on the scale they are required to. Eventually, they succumb to complacency and competitors. Blackberry and Nokia learnt this the hard way despite being the market leaders in the smartphone world before Apple and Samsung took the reins and rode into the sunset. Now as someone leading a startup, innovation, if done right, can improve results and the morale of employees as they get to participate more and their voices are heard. But all the efforts and time can often go to waste, when the results of intense brainstorming sessions are not implemented. This will also demotivate employees from giving it their all if they feel that all their inputs are eventually going to be ignored. So how do you strike the perfect balance between unfettered innovation and practical, solution-oriented approach? 1) Reward Employees for Innovation…
