First 5000 is a business network for Australia's most significant mid-sized companies. It's a vehicle to connect and network with local and international big business as well as policy makers and each other.
Innovation is typically fuelled by embracing apparent contradictions.
It can best be supported by encouraging both individual autonomy and group collaboration. Research has found that those who generate variety and are able to come up with a number of different ideas (such as corporate founders and entrepreneurs) are often highly individualistic.
The innovation process relies on original ideas from individuals, but ideally these ideas and passions then need to be combined with the refining synthesis of a group approach.
Have you ever missed out on an opportunity you really deserved to win? Struggled to explain what you offer to people who just don’t seem to understand? Maybe you’ve watched by helplessly as a prospective customer made a decision that you knew was not right for them.
When you do great work, and sell great products, these situations are frustrating, difficult, and unfortunately, very common.