Session Recap: 7 Ways to Bolster Innovation

[Julie_Bissinger]

It turns out large companies have a lot to learn from their smaller counterparts. During his session, "Rapid Innovation on the Cheap: Lessons from DARPA and the Commercial Space Age," noted author and journalist Michael Belfiore discussed how larger organizations can mirror the successes in innovation experienced by DARPA and SpaceX. Specifically, Belfiore highlighted seven ways companies can enhance innovation.

1. Focus on a mission.

2. Streamline the chain of command.

3. Work in small teams.

4. Do more with less.

5. Offer prizes

6. Outsource

7. Take risks

Do you know of other ways to spark innovation? Leave a comment with your idea!