Innovation is hugely challenging
80%
of executives claim innovation is key to future growth strategy and success
less than
10%
of executives are happy with innovation performance
90%
of product innovations fail to succeed
So, if innovation is so critical, how come around the globe we struggle to get it right?
So, why is that?
The Empathy Deficit
The empathy deficit is taking a huge toll in the workplace, impacting growth and ultimately, the bottom line. A recent study by Businessolver on empathy, showed only 25% of employees believe that their companies demonstrate sufficient empathy, even though many CEOs are acutely aware of the deficiency.
22%
of CEOs aren’t sure how they can improve their empathy
The result? Cultures that are the very opposite of what's needed for successful innovation.