Cultivating Innovation with Libba Pinchot, Ph.D.

“The antidote is action.”Dr. Libba Pinchot Today, Dr. Pinchot joins me to talk about how we can help people cultivate innovation. She defines innovation, explaining why it’s not top-down. We discuss the mindset of innovation and talk about the different types of failure, noting that some failure is good and acceptable. We talk about the price of disengaged employees and share some statistics on the mindset of today’s youth. Dr. Pinchot notes the need for integrity in companies, emphasizes the importance of avoiding blaming and shaming, and posits that people are basically good. Scroll down for the transcript... This Week on the Mindset Zone: Cultivating innovationThe definition of innovationWhy innovation isn’t top-downWhy the mindset doesn’t just reside in the individualThe different types of mistakesHow the definition of intrapreneurship has changed over the yearsThe definition of integrity The Guest: Dr. Libba Pinchot is a nationally recognized expert in helping leaders achieve triple bottom line success (Profit, People, Planet) through widespread innovation and intrapreneurial engagement. She specializes in creating organizational transformations designed to spread throughout the company, the supply chain, and well beyond. She loves working with extraordinary leaders and organizations dedicated to making people and the world better. She has worked with companies such as Apple, IBM, Intel, HP, Texas Instruments, DuPont, Exxon, GE, P&G, J&J, Ford, and Stanford University. Resources Mentioned: Connect with Libba Pinchot: Intrapreneur.com | LinkedInBook recommendation: Intrapreneuring in Action: A Handbook for Business InnovationArticle: Young People's Voices on Climate Anxiety, Government Betrayal, and Moral Injury: A Global Phenomenon. Summary transcript of the interview: Ana Melikian: Dr. Libba Pinchot is a nationally recognized expert on helping leaders achieve triple bottom line success through widespread innovation and intrapreneurial engagement. It’s truly my pleasure to have you here in the Mindset Zone podcast to speak about how can we help people cultivate innovation and seems logical that the first question to be: how do you define innovation? Libba Pinchot: Thank you so much, Ana. The simplest definition is meeting the needs of the future starting now. The point about innovation is that there was a long tradition of innovation being very top-down in these big organizations. And it wasn't very successful because in actual fact the number of people in the organization, the number of brains in the organization, are spread throughout the employee base. Everybody has an opportunity to improve the way work is done, how the customer is served, how other employees can benefit, how communities and societies can benefit, and so. Innovation isn't top-down. Everyone sees ways that they can improve things. And if they're engaged and supported in making changes, that benefit both the company and the future and society, they love coming to work, being able to innovate. Ana Melikian: I love that. So, it's not so much about gaskets or technology, but about a mindset of innovation. Libba Pinchot: It is about the mindset of innovation. I'm in the right place. I see. Ana Melikian: Yes. I love it. Innovation as "meeting the needs of the future." And by tapping into the collective, not just the leaders of the organization, but truly the collective of all stakeholders it may be possible to be in sync with what is going to happen in the future to be able to meet those needs. Is that the idea? Libba Pinchot: Yes. The mindset isn't just residing in the individuals, whether they're an innovation specialist or sustainability specialist, or just all of us average people who have jobs in companies. The innovation is in a context with a lot of barriers in it. For example, there's a drive in all companies that everything has to be profitable. To get the resources,