Graybar, celebrating its 150th year as a company, has a unique perspective on innovation. It recently shared the secrets of its success at the Research Park Lab.
At iLab, students receive problems sets – potential business challenges they can research and solve to produce a formal recommendation for Graybar. Each problem set has an executive sponsor and a business liaison to provide guidance and support.
“As you might expect, we steer clear of phrases like, ‘That’s how it’s always been done,’ as it tends to stifle the creative process,” said iLab Director Todd Hart. “Failure is also accepted, even celebrated, in this arena – as long as we fail quickly and learn from it.”
IdeaScale Nation Podcast Interview
Todd Hart, Graybar’s Director of Innovation and site director at the Research Park, was interviewed by the IdeaScale Nation podcast. In the interview, Hart discusses how Graybar is shifting the mindset from incremental to breakthrough innovation and how to scale up. Listen to the the interview here.
Read more about the Graybar Innovation Lab by visiting their article HERE.
Learn more about Graybar Innovation Lab by visiting the tenant directory HERE.