CarMax's innovation culture is considered somewhat innovative by its employees. CarMax's innovative company culture has to be ingrained within the work culture, and adopted by new hires. At CarMax, employees think the most important qualities a new hire must have are work ethic and prior experience. CarMax's innovation stems from the health of their work culture which their employees believe is very healthy.
CarMax is in the Top 15% of Similar Sized companies on Comparably
CarMax is in the Top 25% of Similar Sized companies on Comparably
CarMax is in the Top 10% of Similar Sized companies on Comparably
One facet of fostering innovation is maximising employee potential, many employees at CarMax feel as though they aren’t using their full potential. Another method for encouraging innovation is using meetings for knowledge sharing, 67% of employees think CarMax meetings are effective. Lastly, at CarMax most employees receive valuable feedback on a every week and once a quarter basis, which allows employees to feel comfortable with failure.