Innovate Organization

For innovation to flourish, organizations should value contributions based on accuracy and efficiency, share knowledge, and encourage disinterested inquiry. 

Innovation is one of the most important business competencies. To supercharge an organization through innovation, it is important to promote efficiency and productivity. Innovation in how an organization operates or delivers services can lead to greater efficiency, fewer errors, and faster production speeds. 

Characteristics of organizations successful at innovation include:

-Leadership support: Top management supports innovation and provides leadership in this area.

-Rewarding innovation: Individuals who push for innovation are rewarded.

-Dedicated resources: The organization dedicates resources specifically to innovation.

-Diverse workforce: The organization has a diverse workforce and welcomes ideas from outside the mainstream.

-Connected bureaucratic layers: The organization’s bureaucratic layers are closely connected so that innovations can be easily communicated and implemented.

-Willingness to experiment: The organization is willing to experiment with different ways of doing things with the understanding that not all will be successful.

Information systems can support business operations, decision-making, relationships, and competitive advantages, enabling new organizational structures like virtual and network organizations. For innovation to flourish, organizations should value contributions based on accuracy and efficiency, share knowledge, and encourage disinterested inquiry. They should also be open to change and able to adapt to new circumstances. 

Posted in: Digital Maturity,Innovation,IT Innovation