13 Practices of the World’s Most Innovative Organizations

13 Practices of the World’s Most Innovative Organizations

Innovation is crucial for business success, and effective innovation management can improve products and scale up a business. This article presents thirteen innovative management strategies used by successful organizations, including considering innovation as a central business value, taking the lead in a trend, implementing technology to encourage collaboration, maintaining an innovation-friendly environment, measuring innovation, experimenting with new ideas, funding creative training programs, rewarding creative talent, having a leadership team that inspires ideas, sharing a definition of innovation, refining creative ideas, having an artistic workplace, and never becoming complacent. These practices foster creative thinking and can lead to better performance, productivity, and customer satisfaction.

View

More Innovation Resources:

Fluid Intelligence - Are you getting enough sleep to innovate?

Innovators need good sleep to come up with innovative ideas. Two studies have shown that lack of sleep can hinder creativity and decision-making abilities.

View

The 3 Essential Components of Innovation Capacity

Innovation capacity can be found in every organization. However, to integrate innovation into an organization, three critical components must be considered: technology, culture, and training.

View

What is Retail Innovation?

Retail innovation is key to gaining a competitive advantage and meeting the constantly evolving needs of customers. This article outlines the importance of retail innovation and the latest trends in the industry.

View