Encourage new ideas

Your company's culture should make your employees feel like they can speak up about their ideas, regardless of how timid they may be.

"Employees build self-confidence when they see their ideas become reality and receive acknowledgment for their work," said Orad.

However, don't just support ideas that are successful, said Orad – make sure you're giving all valid ideas a chance, even if you're not sure they will work.

"That acknowledgment seems obvious for managers when employees win the proverbial lottery with a big idea, but good managers also need to remember to do it when an employee comes up with an idea that's creative, well-researched, elegant and, unfortunately, wrong," he said.

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