10/30/2024 | Press release | Distributed by Public on 10/30/2024 09:21
True or false? For a company to innovate, all you need is to assemble some smart people, then let the magic happen.
Answer: FALSE. Granted, a gathering like that could generate some excellent ideas. But innovation is more than just having a great idea; it's what you do with that great idea to turn it into a reality.
Therein lies the challenge, because turning an act of imagination into a real-life product, like a medical device, is no small feat. It's a long and winding process that requires creative thinking, interdisciplinary problem-solving, and fresh ideas at every step. Such a marathon of insights and cross-functional collaboration doesn't occur in a vacuum, and it doesn't happen by accident. It requires culture.
From the very start of Boston Scientific in 1979, I've been fascinated by the ways a company's culture enables its innovation. As we mark our 45th year in business, I believe culture remains our greatest asset. It's the connective tissue that gives employees who are otherwise vastly different - with different personalities, backgrounds, skill sets and communication styles - a productive means of understanding one another. Having a culture in common unites people in service of a unified goal, provides a common language for clear communication and, crucially, lays the groundwork for the open exchange of ideas that is essential for innovation. Indeed, since my retirement in 2005, I've watched with admiration the ways in which Boston Scientific's strong culture continues to guide the company to ever-greater heights.
Creating such a culture requires deliberate planning and leadership. Here at Boston Scientific, our culture of innovation rests upon three core principles: collaboration, diverse perspectives and a strong sense of mission.
Healthy collaboration requires respect and trust. For a team to have an open exchange of ideas, each must feel empowered to speak up, take initiative, try new things and also feel supported - and not overly discouraged - when their ideas don't succeed. This "can-do" attitude is essential for innovation. When a person feels valued, it enables them to fully participate.
Nothing is ever static; everything is always changing. For that reason, innovation requires you to maintain an openness to learning new things. It also requires a sincere belief that great new ideas and insights could come from anywhere. Often, those valuable insights that help inspire fresh thinking come from what I call "non-establishment" perspectives. These are the voices that aren't always heard - as a matter of fact, they aren't always asked to contribute - so it's important to seek them out.
How do you keep all those different personalities pulling in the same direction? Create an environment in which everyone understands the common goal. Especially for an innovation-focused organization, it's crucial to give people the ability to identify what ideas are right for the company and what is a distraction. A company's fundamental mission becomes a North Star everyone can steer by.
What's more, your mission gives people a larger sense of purpose that inspires them, drives them to excellence - and keeps them resilient through a company's inevitable ups and downs. When employees can internalize the greater mission and see the role they play within, it allows them to feel motivated, invested and focused on the long term.
At Boston Scientific, I like to think our mission of transforming lives through innovative medical solutions serves as a unifying force for our 48,000 employees, and that each person knows how important they are to our common goal. As I reflect on our 45 years of innovation, I am certain it is our culture that keeps our company strong, smart and nimble. Most importantly, it allows us to do what matters most: improve the health of patients around the world.
Learn more about the team and culture at Boston Scientific.