All businesses are created first by ideas. Then, once you are in business, you need new thinking for design, engineering, radical improvement, manufacturing, marketing, advertising, problem-solving, customer retention, etc. Often the difference between success or failure in business is a simple idea.
On the one hand, many corporations have limited resources, funds, and time to give creative dreamers sufficient power to produce breakthrough ideas. On the other hand, other companies have many ideas, but are short on ways to assess, screen, prioritise, leverage and execute them.
Disciplined and well-managed creativity breeds successful idea generation and cross-pollination. Idea management systems and processes can help your company make innovation a discipline. They can help make the hunt for new possibilities each and every department’s business, as well as involving broader and more enthusiastic participation among managers and employees.
As we have seen, building a collaborative innovation culture comes hand in hand with conquering Millennials and Generation Z. This means you not only have to promote innovative thinking in your organisation, but also have to get a feel and touch in your corporate culture that inspire and retain these new generations.
Finally, remember as well the following six best practices:
- Have strong leadership and role modelling
- Promote regular learning
- Give employees self-improvement possibilities
- Create free time for interests and new ideas
- Encourage and reward ideas and creativity
- Do not forget mobile and flexible platforms to reach employees
Any organisation’s most valuable resource is its people. That being so, the capacity to obtain and inspire the best, most innovative and competent employees and to attract the leaders of tomorrow is the ultimate key for your company’s success.