Innovative Management | What makes an organisation Innovative?

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Innovative Management:Innovation thrives and grows in an organisation where taking healthy risk is encouraged where collaboration is part of the culture.

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What makes an Organisation Innovative? To be innovative, an organisation needs to explore, extend and leverage the potential benefits embedded in an idea that is new . The idea may be one that is extremely creative but it can also simply be that is unique in a particular environment or application. Reference: Innovative Management

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Innovation does not have to turn the world on its head to make a significant impact – innovation can also be just a small idea with big potential. The key is, that if there are enough of these innovation, they can drive the organisation forward into an exciting and expansive new future.

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It’s important to note that Innovation is different from invention. An inventor discovers something and feels satisfied. An innovator within an organization may champion his or her own idea or an idea that a colleague has developed, and will not be satisfied until change has taken place and substantial benefits are gained.

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Innovation is all about the leverage of selected ideas where the value added exceeds the costs incurred. Successful innovation management within an organisation means finding more and better ideas than your competitors and then aligning them with your strategy, and utilising them for greater advantage .

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Innovation thrives and grows in an organisation where taking healthy risk is encouraged where collaboration is an inherent part of the culture along with a “do better in small ways” mindset. Toyota considers that their world-class performance is based on tens of thousands of small ideas that are offered by employees throughout the organization and from these collective ideas, a breakthrough in innovation can often result.

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Innovative Management, in association with our global partner, Barnes & Conti is committed to helping clients demystify the innovation process, build innovation-friendly environments, and acquire the practical skills to lead, manage, and engage in innovation in every part of your organisation to create new paradigms .

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To Learn more about Innovative Management visit us at www.innovativemanagement.com.au or call 02 8015 7525 us today!

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