The Jack Kent Cooke Foundation recently engaged in a strategic planning process, out of which the Board of Directors determined that the Foundation’s primary objective shall be focused on college access and success for exceptional students with financial need. Concurrently, it determined that greater progress could be made toward this objective with more concentrated focus of resources. As a result, the Board of Directors decided to reduce the number of scholarships the Foundation offers by ending two graduate scholarship programs – the Graduate Arts Award and the Dissertation Fellowship. The last cohort for each program was selected in the spring 2014.
Innovation has become a primary force driving the growth, performance, and valuation of companies. There seems to be a wide gap between the aspirations of executives to innovate and their ability to execute. Many companies make the mistake of trying to spur innovation by turning to unreliable best practices and to organisational structures and processes. Moreover, executives who focus on stimulating and supporting innovation by their employees can promote and sustain it with the current talent and resources more effectively than they could by using other incentives.