2011INNOVATION
A report of how Hoosiers feel aboutbusiness innovation in the workplace
2
Cultures Do Not AlwaysSupport Innovation
68%
50%
35%
WILLINGTo Take Risks
RESPONDPositive To Failure
RESOURCESTo E x p l o r e I d e a s
3
Top Barriers to Innovation
40% – Lack of resources (funds, etc.) within organization
26% – Uncertain demand for innovative goods/services
26% – Innovation costs are too high
23% – Lack of qualified personnel
4
Companies are Not Using Resources Available
54%
26%
10%
RESOURCESAvai lab le To Help
PARTNEREDWith Colleges, Universities
UTILIZEI n d i a n a Ta x C r e d i t s
5
Communication Gap Between CEOs and Staff
80%
85%
93%
66%
74%
55%
53%
65%
37%
42%
STAFFCEOs
25% GapCulture Fosters Innovation
32% GapWilling to Take Risks
28% GapSupport Innovation
29% GapRespond Well to Failure
32% GapCreativity Rewarded
6
Other Findings
MOST POSITIVE?
BUSINESS SERVICESRETAIL
TECHNOLOGY
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