Adopting Innovation in Business

Filed Under (Business and Management) by admin on 30-07-2009

Consider this… What if instead of the compact and featherweight mobile phone that you use today, you had to carry around one of those huge phones prevalent in the early 1990’s? You can relax – it was just something to think on; courtesy of all those innovators who invested so much of their lives, creating these “miniature toys” for all of us around the world.

However, this did not come easily. Innovation has to be incorporated into an organisational culture if such revolutionary and landmark achievements are what we are aiming to achieve.

Ideally, a culture is thought of as a set of opinions, attitudes, norms, beliefs, and values, while innovation is the implicit and explicit result of the creativity and knowledge of the individuals working within this organisation. However, just coming up with something that is “out-of-the box” doesn’t mean that it will always work – often due to organisational circumstance, because even though a fruitful innovation can be turned into a reality, there are still many factors which derail incredible ideas from reaching their destination. With the passing of time, innovation has gone far beyond the concept of simply generating creative ideas; it’s something which can now be seen as the culture of a business. This innovative culture can easily “tip the scales” toward the success or failure of an organisation. Such a culture strives toward developing an attitude of continuous learning and improvement in the employees. All organisations have their own unique cultures which set them apart from their competition, and the success or failure of any of these companies primarily depends on the level of development of this culture. An organisation that has a top notch innovative culture invariably expands at a faster rate than an organisation without this resource. In the case of an organisation with a poorly managed culture, integrating and linking with the innovation of an existing culture is not an easy task, as this requires careful consideration, consistent motivation and an unwavering pursuit toward improvement.

Here are a few factors organisations should utilise for the integration of innovation into their culture:

1. Intellectual Property – This is the most important ingredient of an innovative culture. Regularly bringing up ideas in discussions or debates creates a continuous process of refinement, and these brain storming sessions infuse the members with enthusiasm, thereby stimulating the participants to come up with even more “never thought of before” solutions.

2. Technology – Ownership of “tech” and the process of upgrading these technological advancements are both other aspects which need consideration. This structure acts as an interface between knowledge and products, and is therefore responsible for the materialisation of concepts from paper into tangible and intangible services.

3. Effective Leadership – Effective leaders are those who, in the organisation, continuously integrate and motivate the creative thinking of their peers and subordinates.

4. Proper Communication – Proper communication is essential for making correct information available, at the right place and at the right time. Regular involvement with business coaching can help you to prevent miscommunication at the smallest level, which in an organisation could play havoc with even the most brilliant innovative ideas.

In order to be competitive in our ever-changing world market, successful organisations require their employees to continuously develop higher levels of innovation. These innovative ideas, along with management training, can help any organization traverse difficult phases of business smoothly, as companies can sell such innovative ideas in a slump period of a business cycle, or reap maximum profits during a time of strong market share.

Alan Gillies is the Managing Director of the L2L Group, specialising in supplying Executive Coaching, Training and Consultancy Services to Businesses around the World. Want to find out more about these comprehensive business building success strategies? Get Alan’s phenomenal FREE Business Pack right now!

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