In 2007, The Mayo Clinic conducted a study to figure out the best practices of companies that most often succeed at innovation. As a result, they unearthed five traits that these companies share.  

Belief System: Defining innovation and enforcing your mission with all of your employees is necessary from day one.

Structure Equals Commitment: Structure will allow you to set goals, grow and decide which products will receive funding.

Process that Leans on Research: Companies who spend time together during the invention stage produce better results.

Talent Encouraged and Rewarded: Talent acquisition will determine the innovation outcome.

Connected Culture: Keeping all employees connected and accessible to each other’s ideas.

These traits are just the tip of the iceberg; not only read these practices, but enforce them for years to come. Execute these traits and keep the creative juices flowing.

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