7 Ways to Create a Culture of Innovation

Innovation is vital to success, but many companies lack a solid and sustainable culture of innovation. This can lead to poor results and even company failure. To implement innovation, companies should define a mission statement around innovation, create a structure for employees to experiment with new ideas, recognize employee contributions to innovation, look to the past for inspiration, pay attention to culture instead of trends, provide continuous education opportunities, and allow failure to be part of the innovation process. These steps will help foster a culture of innovation that drives success.