What do Salesforce.com, Tencent Holdings and Intuitive Surgicals have in common? They all are cooking up a new recipe for innovation, one of the highest priorities for executives today. Fostering innovation in the workforce is very high on the agenda of across industries and ranks. With the budgets getting frozen and at times slashed, there is a constant need to look for ways and methods to increase the ROI without compromising on quality. To cook up greater creativity, leaders need to update their approach to collaboration, compensation and culture. The new recipe would start with laying a base of trust. Mix risk-taking with job security. Subtract strict chains of command and barriers to ideas. Add professional development. Reward excellence in routine activities and efforts to find breakthroughs. Openly discuss failure.