Industrial Control DesignLine Blog
One novel aspect in National Instruments' efforts to foster innovation is an idea market, based on the stock market.
Innovation has been a driving force in the growth of National Instruments. During NIWeek, executives detailed how they strive to maintain an atmosphere that spawns creative thinking.
One novel approach is an idea market, based on the stock market. New ideas are placed on the board, and employees bid on how likely they feel these innovative ideas are to succeed. If a number of employees buy into the idea, it's value rises, generating some excitement that may carry over to those who decide which projects are moved into development.
That's one of many clever ways the company is attempting to make sure that it remains a leading vendors in the many markets its products address. Creative management techniques like that can't help but spark innovative thinking by engineers.