Business owners know that competition is fierce to gain adequate market share. To maintain positive and profitable business growth, companies must develop a clear understanding of what they are—and what they are not.
Building an innovative workplace can be elusive for a business, especially if workers are uncertain if there will be repercussions for making mistakes. However, smart leaders can see the value in failure, and will encourage creative thinking on all company levels.
Note: when we speak of innovation, we are including product innovation, process improvements, executing organizational change, and improving employee engagement.
To sustain innovation in your company, practice these seven habits:
Leaders who take the time to bring the best talent into their organizations, know the rewards. However, finding talent with innovative abilities is challenging.
“The key is to recognize personality traits in candidates that correlate with innovation,” says Rod Pyle, author of Innovation the NASA Way . The character traits needed for innovation include imagination, inspiration, knowledge, boldness, persistence and, occasionally, a contrarian mind-set. These traits provide the tenacity to excel in creative thinking.
How do we accomplish this?
Defining your company’s purpose and long-term vision allows your workers to focus their attention on innovative strategies. Using employees’ time and energy wisely is your company’s best return on investment. Clearly defining the ultimate role of innovation will set the future trajectory of your organization and clarify how everyone is working towards the same goal. With a clear vision, people prioritize which new ideas upon which to focus.
How do we accomplish this?
Communication between you and your employees must be consistent on all levels of employees, and it must be honest and respectful. Smart leaders know that trust starts with them, and by modeling open, honest communication, honest communication by your employees will be reciprocated.
You should also share information regularly and encourage open dialogue. This is especially helpful when news is not always good news. Getting into the habit of having regular, ongoing dialogue is essential for trust and for a willingness to try new things.
How do we accomplish this?
Through a structured thought process, you can measure tangible results. There are four concrete steps to the innovative process which include (1) defining the essence of the problem, (2) embracing constraints, (3) generating quick-test and select ideas, and (4) executing.
How does this process work?
Companies that embrace innovation within their culture, find ways to motivate and sustain that attitude. If your organization values integrated solutions, you will need to find employee recognition strategies that allow your workers to identify how their efforts and values are aligned with those of the company.
Employees will be motivated to go above and beyond the set requirements of a project when they believe their voices are being heard and they are being recognized for their efforts to further the company’s mission.
How do we do this?
Trial and error is a part of being innovative. Anyone working on new ideas needs to know that you have their backs. When projects fail, and they will, workers who learn and move on will become more innovative.
Risks will be taken when employees are encouraged to innovate and learn from failures. However, employees will become risk adverse if they are unsure of what you expect, or are not given room to practice their own style of work.
How do we build for success?
Products that people don’t buy and processes that are becoming cumbersome should be eliminated so that your staff can embark on fresh ideas and productive activities. More important than financial resources, time is a finite resource and people need to be engaged to be contributing to the bottom line.
This means you must be aware of obsolete ways of doing things. An innovative culture is an optimistic culture. The belief that employees can create new solutions will lead to a motivated workforce—people don’t like feeling like they’re wasting time.
How do we keep moving forward?
Innovative results are guaranteed when companies combine great talent with the right capabilities.
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