Innovation can only thrive and flourish in an organisation that has a culture that supports innovation. That is easily said, but what does that mean in practice? Let us take a look at the process of an innovator to answer that question. An innovator has an idea for something new, tries it out, and if it does not work the first time, tries to figure out why it did not work in order to improve on that and try it out again, in the next experiment.
Innovation can only thrive and flourish in an organisation that has a culture that supports innovation. That is easily said, but what does that mean in practice? Let us take a look at the process of an innovator to answer that question. An innovator has an idea for something new, tries it out, and if it does not work the first time, tries to figure out why it did not work in order to improve on that and try it out again, in the next experiment.
A lot of companies find it hard to decide on how to innovate their business model. They find it difficult to balance the efforts in incremental innovation and radical innovation. They do not know whether they should invest in new business models with startups or try to make their existing organisation more innovative. A true dilemma.
A lot of companies find it hard to decide on how to innovate their business model. They find it difficult to balance the efforts in incremental innovation and radical innovation. They do not know whether they should invest in new business models with startups or try to make their existing organisation more innovative. A true dilemma.
Innovation has become important for many organizations. Whether it’s the threat of startups eating up business or the possibilities new technologies provide to do things more efficient and effective, organizations need to innovate to stay relevant.
Innovation has become important for many organizations. Whether it’s the threat of startups eating up business or the possibilities new technologies provide to do things more efficient and effective, organizations need to innovate to stay relevant.
