An organization can be innovative by exploring new ideas, whether highly creative or simply unique applications. Innovation does not need to radically change the world, but small ideas with potential, if implemented widely, can drive organizational growth. True innovation differs from invention in that innovators champion ideas until change occurs and benefits are realized. Successful innovation management means finding and aligning more and better ideas than competitors to gain competitive advantage. Innovation thrives in cultures that encourage risk-taking and collaboration around continuous improvement.

1. What makes an Organisation Innovative?
To be innovative, an organisation needs to explore, extend and
leverage the potential benefits embedded in an idea that is new.
The idea may be one that is extremely creative but it can also
simply be that is unique in a particular environment or application.
Reference: Innovative Management

2. Innovation does not have to turn
the world on its head to make a
significant impact – innovation can
also be just a small idea with big
potential. The key is, that if there
are enough of these innovation,
they can drive the organisation
forward into an exciting and
expansive new future.

3. It’s important to note that Innovation is different from
invention. An inventor discovers something and feels
satisfied. An innovator within an organization may
champion his or her own idea or an idea that a colleague
has developed, and will not be satisfied until change has
taken place and substantial benefits are gained.

4. Innovation is all about the leverage of selected ideas
where the value added exceeds the costs incurred.
Successful innovation management within an
organisation means finding more and better ideas
than your competitors and then aligning them with
your strategy, and utilising them for greater
advantage.

5. Innovation thrives and grows in an organisation where taking
healthy risk is encouraged where collaboration is an inherent
part of the culture along with a “do better in small ways”
mindset. Toyota considers that their world-class performance
is based on tens of thousands of small ideas that are offered
by employees throughout the organization and from these
collective ideas, a breakthrough in innovation can often
result.

6. Innovative Management, in association with our global
partner, Barnes & Conti is committed to helping
clients demystify the innovation process, build
innovation-friendly environments, and acquire the
practical skills to lead, manage, and engage in
innovation in every part of your organisation to create
new paradigms.

7. To Learn more about Innovative Management
visit us at
www.innovativemanagement.com.au
or call 02 8015 7525
us today!