In Conversation - Nick Jain Top Five Tips For Innovating In Large Organizations

Business Excellence - TOP 5 Series

“Good innovation happens iteratively, not with a splash and bang.”

Nick Jain Top Five Tips For Innovating In Large Organizations

1. Focus on running small experiments and collecting data

2. Ensure your innovation efforts align with your organization's objectives

3. Create cross-functional teams

4. Create a culture and incentive structure that encourages innovation

5. Provide the right tools and technology to enable innovation.

TIME STAMP SUMMARY

02:18 Importance of a good approach vs a big risky initiative

06:26 Innovative efforts linked to the company’s core priorities and goals

11:53 The 4G Framework of Incentives

1640: Providing the right tools and technology is a crucial part in innovation

Where to find Nick

Website https://ideascale.com/

LinkedIn https://www.linkedin.com/in/nickjain/

Nick Jain Bio

Nick Jain is the CEO of IdeaScale, the world’s largest innovation SaaS company. Known for his commitment to high-quality products, he has dramatically reduced software bugs and boosted customer satisfaction.

Nick’s journey is one of resilience. Raised in India by a single grandmother, he excelled academically, graduating at the top of his class at Harvard Business School and summa cum laude from Dartmouth with a triple major in math, physics, and economics. His career includes leading companies in trucking, men's fashion and software, as well as working at top investment firms like Bain Capital.

An evangelist for AI adoption, Nick championed the use of large language models at IdeaScale well before the AI hype cycle began. He pushed for generative AI technologies to be adopted by sales, product designers, and even software engineers, well before such adoption became mainstream.

Outside of work, Nick enjoys poker, running, listening to battle rap, and traveling. He’s also an avid reader, currently tackling “Moby Dick” and the fantasy novel “Lyorn.”