How to Get Dozens of Business-Improving Ideas for $5.00 Each!
I’ve quoted Donald Cooper’s ( www.donaldcooper.com ) excellent newsletter before, and I just had to pass along this idea from one of his recent issues:While speaking at a conference of Marina Operators recently, one gentleman shared with me his simple and brilliant technique for generating over 100 business-improving ideas a year at a cost of about $5.00 each. Here’s how it works…As a part of each monthly staff meeting he puts a $50 bill in the center of the table and each employee suggests an idea to improve the business. It could be a customer service idea, a method improvement, a process or system suggestion or a thought about how the various departments could work together more effectively. At the end, everyone votes on which idea
is best and the winner gets the $50.So, the average meeting generates at least 10 good ideas at a total cost of $50.But that’s not all. Here’s another very neat suggestion from this passionate entrepreneur. As part of these monthly staff meetings the whole team goes to one of the areas within the business where one of the people who works in that department has 10 minutes to explain to everyone else what they do there and how all of the other parts of the business can affect how they do their job.
Apparently, this has been a huge success in creating breakthroughs in understanding, collaboration and creativity. How could you make these two simple ideas work for you?
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