It is neither the business models nor the products that are innovative, but rather the minds behind them. Hence, nurturing a culture where people are willing to generate and execute on creative ideas is an essential skill for every innovation leader.
Fostering a sense of ownership among employees can unleash tremendous capacity for innovation, says Edward Glassman. Like franchisees, who own their independent businesses but operate within a well-defined structure or system, empowered employees tend to be more entrepreneurial and committed to helping the organization to thrive.
In today’s “knowledge-based” society, it is becoming increasingly imperative for companies to “mine” knowledge and technology generated by universities. Why? Because the outcome of such industry-university collaborations help companies create new activities and jobs.
Does disciplined innovation really create the big new idea? Do we need to allow for more "random creativity?"
Sustained innovation comes from developing a collective sense of purpose; from unleashing the creativity of people throughout your organization and from teaching them how to recognize unconventional opportunities. Here are seven strategies for sustaining innovation in your organization.