Turning your company into an ideas factory with James Caan

In recent years, the UK‘s strength in science, technology and innovation has been the unsung hero of the British economy. According to a survey commissioned by the Department of Business Innovation and Skills, the majority of business leaders across the UK agree that working together with Government to promote the development of such skills in Britain will help get the nation out of recession. Nearly half (43 per cent) also believe that UK organisations are good at supporting innovative business areas and ideas.

But how do you encourage innovation in your company? Does encouraging ‘open communication’ between employees at all levels work? Should you offer a cash or stock incentive? And how do you recognise theses unsung heroes for their contribution to your business?

Personal recognition for achievement is one of the most powerful drivers of innovation – that’s why the Government are calling on businesses to enter the inaugural ‘iawards’ which recognise and celebrate the best British achievements in science, technology and innovation. Open to all organisations, the 13 award categories reflect the greatest challenges we face as a country – from addressing the healthcare needs of an aging society to minimising the threat of terrorism or climate change.