Seven Greatest Ideas for Leading and Managing Innovation
Idea 94: Making your organization good at innovation
The business organization itself has to provide an environment in which creativity and innovation can flourish. The five hallmarks of those organizations that actually are good at innovation (not just paying lip service to it) are:
- Top-level commitment.
- Flexibility in organizational structure.
- Tolerance of failure (and not risk aversion).
- Encouragement of teamwork and innovation.
- Skill in open and constructive communicaon.
Peter Drucker has said: ‘Managing innovation . . . [is a] challenge to management . . . especially top management, and a touchstone of its competence.’
Organizations need to work at the main ingredients for success ...
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