Why do some companies continuously innovate while others struggle to keep up? Also, as an entrepreneur, how can you foster innovation within your business? 

Nick Jain, CEO of IdeaScale, is a leading innovator and business leader with a passion for helping organizations build a culture of innovation. With experience working with clients like NASA, Comcast, and Doctors Without Borders, Nick brings a wealth of knowledge to the table. 

Join Scott and Nick as they explore: 

* The three types of innovation: doing something better, doing it in a dramatically different way, and orthogonal innovation.  

* Building a culture of innovation in a company.  

* The challenges large organizations face in fostering innovation.  

* The importance of an idea meritocracy, where the best ideas win regardless of their source.  

* Practical strategies for implementing and incentivizing innovation.  

* Measuring the success of innovation efforts.  

* The impact of innovation on employee engagement and company culture.  

Chapters for this episode: 

03:59 Nick Jain's Journey to IdeaScale

11:50 The Three Types of Innovation

18:26 Why Big Companies Struggle with Innovation

25:28 Building a Culture of Innovation

33:56 Idea Meritocracy and Continuous Improvement

39:02 Understanding Finance in Innovation

43:38 Practical Steps to Improve Innovation

Thanks to Nick Jain for being on Business, Bourbon & Cigars. 

Connect with Nick on LinkedIn: https://www.linkedin.com/in/nickjain 

Learn about IdeaScale: https://ideascale.com/ 

BUSINESS, BOURBON & CIGARS

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Business, Bourbon & Cigars is the preeminent resource for ambitious leaders who want a backstage pass to the top. Each episode, we sit down with ultra-successful executives and industry leaders who share their insider strategies for growth and success. And of course, we may even sip on some of the finest bourbon and light up our favorite cigars while we chat.

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This episode was produced by Story On Media & Marketing: https://www.SuccessWithStories.com