Tina Corner StolzLXCouncil | The Global Leader in Peer Advisory Councils · Founder of LXCouncil - the leading global educator for peer advisory councils

Unlocking Productivity The Power of Curiosity in Companies

Name: Unlocking Productivity The Power of Curiosity in Companies
Uploaded: 2024-10-30T07:00:10+00:00
Duration: 1 min 13 s
Channel: Tina Corner Stolz
Description: In this segment of Tina Corner Stolz’s talk, the speaker presents a series of research-backed statistics that quantify the business impact of fostering…

30 Oct 2024 · 1 min

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In this segment of Tina Corner Stolz’s talk, the speaker presents a series of research-backed statistics that quantify the business impact of fostering curiosity within organizations. Citing a 2018 Harvard Business Review study, she notes a 20% rise in productivity when curiosity is embedded in culture. McKinsey data links curiosity to a 30% increase in ROI and profitability. Gallup reports that 87% of curious employees are less likely to leave, indicating stronger retention. Forrester finds that 60% of customers are more likely to stay with curious companies, and IBM suggests that 33% of such firms are more likely to become industry leaders. These figures collectively argue that curiosity is a measurable driver of performance, financial outcomes, employee and customer loyalty, and competitive leadership.

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So being curious not only has the benefits of what I've already talked about, but there are hard studies about it. So let me give you just a few hard studies for those of you that are in that category of liking facts. Productivity HBR study in 2018 of being curious, of curiosity being cultivated into cultures inside organizations, there is a 20% increase in productivity. There's a 30% higher ROI and profitability of financial performance per McKinsey and Company. Employee retention is likely to be more so. 87%, okay, are less likely to leave per Gallup when you cultivate curiosity in your organization. 60% of customers are more likely to be retained Per Forrester, because you're being curious with what could help them and what it is they like and want. Per IBM, 33% are more likely to lead the industry as far as organizations from a leadership standpoint of curiosity.