Lack of Ideas, Red Tape Greatest Barriers to Innovation

The biggest roadblocks to organizational breakthroughs are a shortage of fresh thinking and too much red tape, according to executives interviewed for a recent Robert Half survey.

More than one-third (35 percent) of chief financial officers (CFOs) said a lack of new ideas is the greatest barrier to their company being more innovative. Approximately one-quarter (24 percent) of respondents cited excessive bureaucracy as the top creativity killer, while 20 percent blamed being bogged down with daily tasks or putting out fires.

The survey was developed by Robert Half International, the world’s first and largest specialized staffing firm. It was conducted by an independent research firm and is based on interviews with more than 1,400 CFOs from a stratified random sample of U.S. companies with 20 or more employees.

For more survey findings and tips on inspiring innovation in the workplace, click here.