Organizations and Innovation

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Information about Organizations and Innovation
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Published on November 16, 2018

Author: gcmohanta29

Source: authorstream.com

Organizations and Innovation: Organizations and Innovation Dr. G C Mohanta , BE( Mech ), MSc( Engg ), MBA, PhD(Mgt) Professor Al- Qurmoshi Institute of Business Management, Hyderabad - 500005 Organizations and Innovation: Organizations and Innovation Innovation is essential for the growth of any company. To successfully implement innovation, we need to know exactly what makes an innovative organization and how it contributes to its growth. The business people need to know that the creativity is challenging to achieve. It requires investment of resources to fulfill the needs of innovative management in an organization. Truly innovative organizations spend hours developing an approach to imaginative thinking in their workers so that they can cultivate new ideas. It requires an innovative culture where everyone is able to think independently. Organizations & Innovation (Contd.): Organizations & Innovation (Contd.) The following are the 8 ways to bring innovation into an organization and to pave the way for more creative ideas: 1. Giving the workers a sense of freedom Employers that impose rules tend to suffocate the creativity of their employees. This limits the freedom of the most valuable asset and the employees will feel reluctant to ever think outside the box. The essence of an innovative organization lies in the employees’ ability to contribute to the creative process of the organization. The company needs to give the workers the autonomy to practise their novel ideas. Organizations & Innovation (Contd.): Organizations & Innovation (Contd.) 2. Providing the team with the resources to implement innovative ideas It needs to be made possible for the workers to convert their ideas into reality. Without the right resources, even the best ideas tend to fall flat. The most innovative companies in the world invest in their R & D department to allow their creative team to execute the innovative concepts for future product development. Organizations & Innovation (Contd.): Organizations & Innovation (Contd.) 3. Investing time in the creative nourishment of innovative workers The essence of innovation is achieved when the company is able to demonstrate to the workers a path that leads to creativity.  The specific ways to find the creativity is to be demonstrated to the employees, so that they can implement innovation in their work. A day may be dedicated to motivate the workers to experiment with new ideas. Weekly workshops may be conducted to encourage the employees to brainstorm ideas for an upcoming project. Organizations & Innovation (Contd.): Organizations & Innovation (Contd.) 4. Focus need not be only on R&D Department  The company should not confine innovation just to the R&D department. To implement an effective innovative culture, it is important that each and every department of the company is included. When a holistic innovation strategy is implemented, the company will be able to foster a change in the mindset of every single member of the team. Organizations & Innovation (Contd.): Organizations & Innovation (Contd.) 5. Allowing the employees a chance to fail Failure is a part of the learning process. If the company penalize its employees for making mistakes, the company inject in them a fear of failure. Such an approach drastically affects their ability to come up with creative ideas. When the employees are given the scope to make mistake, the company is allowing them to think independently without any constraints of fear. So they are able to think beyond the boundaries of their job. Organizations & Innovation (Contd.): Organizations & Innovation (Contd.) 6. Developing an accommodating leadership style As a leader of a company, it is the responsibility of the leader to foster and nurture the attitudes of the individual team members. Being a leader, one cannot develop a culture of innovation if one fails to show them the way to innovation through one’s own attitude and behaviour . Expecting the workers to give more in less time is one such way the company kills the desire of the workers to do something extraordinary. When one prefers short-term results over long-term benefits of innovative ideas, one will kill the innovative spirit of employees. It is to be remembered that innovation develops from trial and error and it demands an investment of time. Organizations & Innovation (Contd.): Organizations & Innovation (Contd.) 7. The subordinates should not be looked down upon Intellectual arrogance is the biggest enemy of implementing innovation into any organization. When one disregards the ideas of the employees just because they are one’s subordinates, one hinder the process of creative thinking in them. To promote a culture of innovation, one and one’s leadership team need to shut down any preconceived notions about the employees and rather allow them to speak their minds. One need to encourage them to share their opinion and be a part of every creative process in the business. Organizations & Innovation (Contd.): Organizations & Innovation (Contd.) 8. Acknowledging the contribution of the employees Employees feel valued when one recognizes their efforts. Similarly, if one wants to promote a culture of innovation in the organization, one needs to implement an incentive-based policy that rewards workers on the degree of innovation in their work. Such a policy will make the employees feel appreciated for their innovative efforts and it will pave the way to a culture of innovation in the organization.

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