What makes an Organisation Innovative?

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What makes an Organisation Innovative?
To be innovative, an organisation needs to
explore, extend and leverage the potential
benefits embedded in an idea that is new. The
idea may be one that is extremely creative but it
can also simply be that is unique in a particular
environment or application.
Reference Innovative Management
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Innovation does not have to turn the world on its
head to make a significant impact innovation
can also be just a small idea with big potential.
The key is, that if there are enough of these
innovation, they can drive the organisation
forward into an exciting and expansive new future.
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Its important to note that Innovation is
different from invention. An inventor discovers
something and feels satisfied. An innovator
within an organization may champion his or her
own idea or an idea that a colleague has
developed, and will not be satisfied until change
has taken place and substantial benefits are
gained.
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Innovation is all about the leverage of selected
ideas where the value added exceeds the costs
incurred. Successful innovation management within
an organisation means finding more and better
ideas than your competitors and then aligning
them with your strategy, and utilising them for
greater advantage.
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Innovation thrives and grows in an organisation
where taking healthy risk is encouraged where
collaboration is an inherent part of the culture
along with a do better in small ways mindset.
Toyota considers that their world-class
performance is based on tens of thousands of
small ideas that are offered by employees
throughout the organization and from these
collective ideas, a breakthrough in innovation
can often result.
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Innovative Management, in association with our
global partner, Barnes Conti is committed to
helping clients demystify the innovation process,
build innovation-friendly environments, and
acquire the practical skills to lead, manage, and
engage in innovation in every part of your
organisation to create new paradigms.
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To Learn more about Innovative Management visit
us at www.innovativemanagement.com.au or call
02 8015 7525 us today!