The GLOBAL INNOVATION Summary Report is a Review of 10 Innovation Reports from 2015 & 2016.
75% of Executive Leadership says that Innovation is essential to the success of the organization, but most don’t know how to innovate successfully
Some important components of an innovative culture are:
- A clear funnel for generating ideas and developing them into actionable innovations.
- A transparent innovation strategy and clear leadership vision of innovation for the organization
- An environment where people feel physiologically safe to be innovative, and fail.
- Internal cross-function collaboration and external collaboration with clients, government, consultants, educational institutes, start-ups and even ‘competitors’.