Start crafting innovative ideas with these seven tips.
Mike Duke spent 16 years working for retailers that competed with Wal-Mart. So when he joined Wal-Mart’s executive team, Mike had a pretty good idea of what made the discount retailer so tough to beat. “When you thought you had Wal-Mart pegged,” Duke once said in a magazine interview, “they’d be evolving into something else.”
Sam Walton, the founder of Wal-Mart, instinctively knew that great leaders create ideas that are the key to organizational growth and success. And while the leadership has changed since Mr. Walton’s death, Wal-Mart maintains its industry leadership position because its leadership maintains its commitment to new ideas.