Innovation Engine Blog

G. Michael Maddock

Innovation: The Alpha Effect

October 12, 2009 (1:48 PM) by G. Michael Maddock

Attracting and retaining the most creative and ingenious employees, the Alphas, means feeding their hunger to innovate. Here's how to do it.

 

Much of what we've read and certainly everything we have experienced running our firm tells us that the keys to attracting and retaining the best employees — the Alphas — are working on something 1) meaningful, 2) in a lower stress environment, and 3) with a reward system that makes sense.

 

Now it just so happens that being innovation-focused naturally attracts Alphas, and this in turn drives a better culture. The reason is simple: Successful innovation is intrinsically meaningful. Said differently, you have to be solving a significant need in order to have success with a new product or service. The best and happiest employees want to work on something meaningful. So they naturally gravitate toward innovation assignments.

 

So how do you attract Alphas and keep the ones you have around? Offer them your most heady, rewarding challenge. Think about what would happen if you had a project like that for every Alpha in the organization. The result would be a magnetic culture that attracts and retains the best people. It would be the Alpha Effect.

 

Read more about it in our bimonthly BusinessWeek column.



Comments


 Anne Connelly December 31, 1969 7:00 PM
Mike - Great article. While creating the right environment takes time and focus, the end result is clearly worth the effort. Looking forward to more of your insights!
 Nick Kinports December 31, 1969 7:00 PM
Cat - giving your most talented employees opportunities to thrive is critical. Thanks for the feedback.

Glad to hear you enjoyed the article Anne - we look forward to providing more insights and innovation thought leadership.

You may want to follow us on Twitter for further opportunities to interact and get the inside track http://twitter.com/maddockdouglas
 Cat Wagman October 14, 2009 12:00 AM
When an opportunity presents itself to be 'working on something 1) meaningful, 2) in a lower stress environment, and 3) with a reward system that makes sense.' ... I thrive! I am willing to do more, give more, and enjoy doing the what I do best.

Thank you for confirming my belief that there are people in management who can and do create such environments within their companies.

It makes one wonder just how many talented 'Alphas' have had their nature's restrained or severely restricted by conformity and lack of support, who could be the source-seeds of a company's next new product or service, if given the opportunity to flourish and thrive?