What does it mean to foster a innovation in the workspace?

The average lifespan of a company on the S&P 500 has decreased from 61 years in 1958 to just 18 years in 2011, emphasising the importance of continuous innovation. (Innosight, 2015)

In recent years, the term ‘innovation’ has has been used so frequently that it risks becoming a mere buzzword – a trendy term with little substance. This overuse can detract from the genuine impact that true innovation can have.

But what does it really mean to foster innovation in the workplace?

It involves certain behaviours and practices that cultivate a culture of innovation.

These behaviours may include creating a safe space for people to express their ideas, giving them the freedom to take risks and pursue ambitious goals, and helping them focus on the bigger picture rather than just immediate results.

Culture is the invisible force that shapes every aspect of an organisation.

Does your organisation foster a culture of innovation?

#Innovation #Culture #Organisations