Interview with Steve Nielsen, CEO of Dycom Industries

R3think Everything

Steve Nielsen, CEO of Dycom Industries, spoke at the Lever Innovation Summit 2021 about the importance of innovation in both startups and established companies. He emphasized the need for integration, strategy, leadership, and metrics in driving successful innovation. Nielsen also discussed the company's approach to supplier diversity and its commitment to diversity, equity, and inclusion. In terms of future innovation, Dycom Industries is leveraging wireless technology to improve service delivery and productivity. Nielsen shared insights on leadership communication, empathy, and instilling a culture of innovation within the organization. He also highlighted the importance of confidence and vision in driving innovation in rural communities.

Key Insights.

- Innovation is important for all companies, not just startups.

- Integration is crucial for successful innovation in existing companies.

- Strategy, organization, and ownership are key components of innovation.

- Staffing and metrics are important for measuring success and failure in innovation.

- Tools and new practices are necessary for improving metrics and driving innovation.

- Leadership plays a vital role in fostering a culture of innovation.

- Understanding customers and thinking ahead are essential for successful innovation.

- Communication and empathy are important for effective leadership.

- Supplier diversity and diversity and inclusion are important considerations for companies.

- Confidence and a positive mindset are crucial for innovation in smaller communities.