“Innovative” is an adjective frequently used to describe many companies and business leaders. It’s used so frequently you could argue it’s lost a bit of its cachet, and become almost commonplace. How many leaders would say that their company is not innovative? I’m guessing very few. Even if a president or CEO won’t go out and say that their organization is innovative, they might at least talk about their innovative products or people, or company structure, or even their office space. They might say, “We’re not not innovative.”
Many great publications, like Inc. Magazine and Becker’s Hospital Review on the healthcare side, will publish lists of the top 50, 25, etc., innovative companies to work for or to watch. The March 2016 issue of Fast Company bares the headline: The World’s 50 Most Innovative Companies.
Before we talk about that, let’s take a step back and do something that is not innovative; let’s define the word. Merriam-Webster defines innovative in two ways: “introducing or using new ideas or methods,” and, “having new ideas about how something can be done.”