Talent Management Upfront — How innovation becomes strategic

We recently had the pleasure of speaking with Aleksandra Petkov-Georgieva and Rafael Altavini about their wealth of expertise in strategic talent management and innovation culture. Aleksandra (Aleks) is an Innovation Manager at Raiffeisen Bank International. Rafael is a Consultant, Executive Coach, and Leadership Advisor at Egon Zehnder. In this blogpost, we summarize the key insights from our conversation with Aleks and Rafael on how talent management and organizational culture support corporate innovation.

Talent management for innovation

Traditionally, talent management is structured into two primary groups: internal talent and external talent. Internal talent refers to company employees; external talent refers to potential hires and collaborators. In the panel discussion, we learned that both internal and external talent, with their unique skills and characteristics, are valuable players in innovation teams.

Attracting innovative talent within your organization

Recruiting innovative talent on the job market

Cultivating a culture of innovation

“What stops innovation is the fear of failure.” — Rafael Altavini

Involve the organization at all levels

Bring on change incrementally

In the end…it’s all about the people

Innovation is not a process. Innovation is all about people. It’s the people who make innovation happen, not the process. — Aleksandra Petkov-Georgieva

Innovation is about the people who make it happen. It’s vital to be thoughtful in how you motivate your teams to innovate. This includes giving them time and space in their workdays to think about their ideas and brainstorm ways to improve. Other incentives are also necessary; even simple rewards like organizational recognition can be very motivating. You might be surprised to find out that what motivates most innovators is not money; but rather impact.

We appreciated learning about how to build and cultivate innovation in an organization. Thank you for taking the time to share your insights and experience with us, Aleks and Rafael!

InnoInsights aims to be a source of inspiration and guidance for how organizations can collaborate with external innovators.

InnoInsights aims to be a source of inspiration and guidance for how organizations can collaborate with external innovators.