Nurturing innovation

1. Nurturing Innovation in
the Organization.
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2. Business0innovation9definition.
• Innovation is the process of doing something new or doing
something in a new different way.
• Nurturing innovation is a process that encourages
collaboration among team members and supports creative
thinking. It can help organizations respond to challenges like
climate change, food security, and healthcare for aging
populations.
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3. Innovation business depends on :
• Institutions
• Human capital and research.
• Infrastructure.
• Market sophistication.
• Business sophistication.
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4. Nurturing innovation.
• Set the goals. (short and long term).
• Set budgets.
• Advertise in the organization.
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5. 7 ways to start business0innovation
Realize that innovation can be simple.
Build innovation into your business routines.
Actively solicit suggestions for improvement of your small
business’s processes and products.
Involve staff in the innovation process.
Invest in innovation.
Cultivate an innovation mind set.
Investing Scientific researches and experimental possibilities
for your business.
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6. Benefits of nurturing
innovation in an
organization:
• Increased employee engagement
• Enhanced teamwork
• Improved processes
• New products and services
• New ways of thinking
• A constant stream of ideas
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7. Some ways to nurture
innovation in the workplace
• Encourage staff to share ideas
• Provide innovation training
• Offer staff chances to broaden experience
• Encourage innovation as a team
• Inspire others about the “art of the possible”
• Become more comfortable with uncertainty
• Understand that failure is okay
• Encourage risk-taking and experimentation
• Recognize and reward employees for their innovative ideas
• Promote diversity in the workplace
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