The problem with rules is that the ones required for surviving in business tend not to come with documentation. Informal rules have the power to keep corporations locked in a stale status quo or pointed towards the future. Here are ten rules for companies to consider breaking as part of their New Year's resolutions. Check out the rules for corporate entrepreneurs to break in 2007.
Results trump personal style.
Innovative results require a diverse set of management and leadership skills. Companies that continue to reward, promote and retain abusive and controlling managers will weed themselves out of the competitive marketplace for entrepreneurial professionals. Consider 2007 as the year to overhaul your promotion policies and ongoing assessment procedures, with a focus on growing and retaining emotionally healthy leaders as part of your Return on Innovation Investment (ROII).
Homegrown innovators need not apply.
Entrepreneurship is a mindset not a size, but still corporations seem to value innovation beyond their doors instead of what lies within their walls. When the entrepreneurial spirit of a start-up company meets head-on with corporate bureaucracy it often results in destructive stalemate not disruptive innovation. A workforce that appreciates entrepreneurial values begins with a culture that prepares, promotes, and rewards it. Neglecting to grow entrepreneurial leaders and workforces prepared for global challenges puts companies at risk of putting all their eggs in one basket.
Birds of a feather get hired together.
Truly innovative environments grow diverse workplaces where birds of a feather do not flock and flutter together. Although hiring and promoting the best person for the job avoids cookie-cutter hiring practices, there's still a tendency for Human Resources to hire for where the company is today versus hiring strategically for where the business needs to be five or ten years down the road. It's time to reinvigorate HR with innovative technologies that allow it to do more with less. Enhance onboarding and retention practices in 2007 that allow HR to lead the way in corporate entrepreneurship.