How to Drive Innovation in the Workplace?

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Innovation,

POSTED

November 24, 2021

In this technological age of constant change, the ability to inspire innovation in the organisation is the mark of a thriving leader. It is why every business must continue to innovate to have a competitive edge over their rivals and also survive in the industry. Hence every organisation in the present times looks for ways to drive innovation in the workplace to take their business to a whole new level.

Ways to drive Innovation in the Workplace

Successful innovation in every workplace depends upon efficient communication and knowledge of the various components of the innovation process.

While it is common for business teams to be resistant to innovation or changes, managers need to educate employees about the benefits of innovations and how they can foster personal growth. Mentioned hereunder are some ways to drive innovation in the workplace.

Build dedicated innovation teams

To drive innovation in the workplace, you must remember that even when some employees in a company have exceptional ideas, they are not that great at communicating them. Hence it is crucial to have an internal team that fosters and encourages idea-sharing.

Also, if a company does not have enough resources to hire a dedicated team, they can create a new in-house team by recruiting members from different areas in the business. 

Select the most promising ideas

After finding employees with exceptional ideas, move to the refinement process. Choose only the most promising ideas from those large volumes. Also, businesses can accommodate various methods to pick the most desirable proposals — the crucial thing is that the environment remains carefree, with a healthy spirit of competition.

Foster collaborative experimentation

Companies should use collaborative experimentation to tilt the odds of success at innovation in their favour. Also, interacting with stakeholders induces new ideas, helps companies address market requirements, correct issues, and expedite the business innovation process.

Adopt agility

Many workplace innovators support agility as it allows employees to attain their absolute potential.  Also, by encouraging employees to remain self-sufficient and helping them adapt to change, employers gain the workforce’s trust and help them become more productive. As a result, employees invest more in the company and, in turn, stay with the organisation for longer.

Respect failure

Failure is an indispensable part of the learning and innovation process. Businesses should understand that not every approach will be a breakthrough. The nature of innovation is that it demands various experiments to successfully produce new products and solutions. Companies should appreciate every failure, so workers don’t fear failure; they will take more risks and develop great ideas.

Also, as risk and profit are the two sides of the same coin, companies looking for a higher return on their investment need to encourage the culture of taking risks. Companies need to take a calculated risk to reduce the odds of failure.

Hire innovation advocates

Get a team of advocates on board who push the idea creation and innovation method. This team will encourage innovation throughout the company by asking questions, fostering ideas, and necessitating radical changes.

We at MIT ID Innovation are the leaders in the realm of design and innovation education. Our expert mentors make students learn every possible aspect of various courses in innovation and empower them to become world leaders in innovation. If you are interested in studying something out of the box, enrol yourself with us today.

References:

https://www.iofficecorp.com/blog/innovation-in-the-workplace

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