Tuesday 23 September 2008

What makes organisations truly innovative?

Yesterday we had an offsite, which means all the employees get an update on the strategic initiatives of the organization. The founder of the firm had one message ....to be innovative and truly in today's world, innovation is very essential for success. Hard work is great, but to be successful innovation and thinking different is vital...and even if you are successful, you have to keep innovating to be in the business.

Leaders in every organization are facing enormous new challenges. What worked in the past won’t necessarily work now and with the uncertain business environment it surely requires new ideas and skills to succeed and inspire.

The best new ideas aren't necessarily the most complex ones; they are the ones that are created by looking at an existing problem from a different perspective. Lot of organizations which are so called “innovative organizations” use the right methods and practices to extract knowledge within the organization. They know that ideas are there locked inside the brains of the employees, it is just the matter of how you can get them unboxed.

Innovative organizations like Apple and Google breed fresh ideas and recognizes talent. They also have unusual ways to keep workforce engaged for e.g. Google offers 20% of its time to its engineers to freely work on what they're really passionate about. Google News, Google Suggest and Orkut are among the many products which evolved from such programmes.

Innovative organizations empower employees, manage knowledge and thrive innovation. Leaders of such innovative organizations recognize that developing breakthrough products, revamping operational processes and coming up with new business models doesn't happen overnight. So, instead of relying on gimmicks or incremental line extensions, they're working to build organizations that are capable of sustained innovation.

Finally, inspired leadership is key for innovation.

1 comment:

Vijay said...

Today if companies don't innovate and think differently, they are surely cannot compete on long run.