We all know innovation is essential for driving business growth and helping to differentiate your organization from key competitors. But it’s not enough to simply talk about innovation, or urge employees to “think outside the box.”
Studies have shown that corporate culture is the most significant element of innovation. Your leaders are the key elements in the creation of that culture. All the money in the world and all the R&D resources in the world won't make as big an impact as your leaders will. But creating a more innovative culture isn't easy to do because by nature, human beings are resistant to change.
"Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy." - Gary Hamel
The definition of innovation is the introduction of something new: a new idea, method or product. Leaders or managers cannot force people to be innovative. They need to create a culture where team members are encouraged to be more innovative. It's important that new ideas and methods are accepted and not frowned upon. This encourages employees to explore new methods or procedures and helps to build an innovative culture.
INNOVATION: 5 Ways Leaders Can Promote an Innovative Culture - Complimentary Webinar
- Are you a Training Manager charged with creating a more innovative culture to drive organizational growth and success, but not sure where to start?
- Do you need to develop programs that help leaders ignite your employee's passion for innovation?
- Are you seeking a proven, cost-effective process to make it happen?
"Capital isn't so important in business. Experience isn't so important. You can get both these things. What is important is ideas. If you have ideas, you have the main asset you need, and there isn't any limit to what you an do with your business and your life." - Harvey Firestone
To understand what innovative leadership is you have to first understand what innovation is all about. Innovation is the introduction of something new: a new idea, method or product. There are two types of innovation: exploratory which consists of creating new ideas and then there is exploitative which means changing and improving ideas that you already have.