Innovation in business

Innovation in business

The idea of innovation is taking off just as fast as the businesses that embrace it.

But, not all companies are prepared to push innovation within their organizations. Changing workplace systems and procedures requires resilience and flexibility, and it’s an unfortunate reality that many people are afraid of or continue to resist change.

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MORE IDEAS FROM THE ARTICLE

An intrapreneur can be defined as someone who thinks like an entrepreneur but brings their ideas to the company where they are employed instead of launching their own business. 

Instate a "no idea is a bad idea" policy, gather the support your employees need to try out their ideas and let them pitch decision-makers at your company.

This allows employees to spend 15 % of their paid work time daydreaming, doodling or experimenting with ideas that don’t necessarily have to do with their work at the company.

This kind of daydreaming is the genesis of invention and fosters passion for one’s work.

Beyond just giving your employees time to experiment, you should also reward innovative habits. 

Nothing kills creativity faster than the fear of failure, so celebrate the success as well as the failures.

Encourage your team to do their own research as well. 

Let your employees’ personal interests and passions do the leading as they look into new technologies, reading articles and writing reports for your company.

Whether it’s a weekly all-staff meeting or a company bulletin, foster a space where employees can meet across teams to discuss and present their research, experimentation or intrapreneurial ideas from their 15 % time.

Get your employees to think outside the box by assigning them new and exciting projects outside the scope of their daily activities.

Don’t put yourself in a box

Successfully innovative companies know that they are more than just their products and services.

Instead of only defining your company by what it sells, identify your assets and strategic skills.

Studies show that certain activities that foster a truly unplugged environment, such as hiking in nature, can actually boost creativity by up to 50 %.

Encourage your employees to use all of their vacation time despite work pressures so that they come back to the office refreshed and full of new ideas.

Innovation starts at the top -- leaders should be role models for workplace passion, positive outlook, clear direction and vision, and of course, embracing change.

Start small, with any one of the mentioned ideas, and slowly layer in more until your company is a pinnacle of creativity and innovation.

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RELATED IDEAS

The Originality Myth

There's a long-standing myth about intellectual property - the idea that a creative idea is proprietary to the person who thought of it.

But history and empirical research revealed that new ideas are actually combinations of older ideas and that sharing those helps generate more innovation.

10

IDEAS

A culture of learning means mistakes are important - be sure not to punish mistakes.

They happen when people try something new, which is the kind of behavior that leads to breakthroughs and innovations.

Take an improv class

Every time you take a risk in your business, you face the possibility of failure.

Improv, a theatrical exercise where you improvise a scene with a group of people, essentially mirrors that experience. You have to get used to change fast.

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