Politicians, businesses, and media recognize innovation is important for economic growth. The document defines innovation as creativity that solves problems and creates value for customers or vendors. Innovation can benefit non-profits and governments as well as for-profit organizations. Strategies for advancing organizational innovation include increasing individual innovative behaviors, improving the organizational environment, and employing methods like rewarding leadership, internal development, and exposing employees to new ideas from conferences.

1. Prepared By: Bandana Ghimire
MBA- 2nd Trimester
Strategies for advancing
organization innovation

2. Improving Organizational Innovation-
A tool for growth & development
 Politicians, business support organization
and media commentators have recognized
the importance of innovation to stimulate
the economy
 There is assumption that existing
organization that have fallen on hard times
are not innovative
 Peter F. Drucker have recognized that
innovative and successful entrepreneurship
are intertwined
 Innovation is perceived to be much broader

3.  For this paper, innovation is defined as
“creativity converted to the solution of
problems for the benefit of the consumer
or to the advantage of the vendor that
creates value that is rewarded by
increased sales or revenues; with either
increased profit or increased resources”.
 It must be understood that innovation is
applicable to both no-profit and
governmental entities as well as profit
oriented organizations.

4. Perspective on Innovation

5. Dimensions for Advancing Innovation
 Increasing an individuals ability
innovative behaviors that accelerate
innovation
 Improving the organizational
environment to foster innovative
behaviors that accelerate innovation

7. Drivers of Innovation
 Observation of unmet needs drivers
innovation
 Curiosity as a driver of innovation
 Visualization as driver of innovation

8. Strategies for Employers
 Function Wide Process
 Quality and Consistency

10. Organizational Strategy Options
 To instill motivation among the corporate or
divisional leadership through a combination
of reward and fear of termination
 To employ methods promoting internal
organizational development
 Enrolling employees in industry
conferences and trade shows for the
purpose of stimulating fresh ideas from
participants
 Remove security concerns for employees
proposing creative ideas to improve
performance

11. Conclusion
 To create innovative organization,
attention should be focused on:
a) Improving each employee’s
understanding of what innovation is
and how the organization is committed
to that objective
b) Developing organizational strategies
and promote innovation