The strategy "Creating an Innovation Culture in Your Business" focuses on encouraging innovation across all company levels. It begins with empowering employees through training sessions on creative thinking, setting up an open-door policy to facilitate idea sharing, and dedicating time for innovative projects. For example, cross-departmental collaboration enriches perspectives, while a rewards program acknowledges implemented innovative ideas.
Leadership involvement is crucial, with leaders communicating innovation's importance and integrating it into performance reviews. They participate actively and align innovation goals with company vision, fostering a top-down commitment to change.
An innovation framework defines innovation, sets up processes, and identifies key business areas ripe for innovation. It involves tracking ideas through management platforms and leveraging industry trends, ensuring structured innovation growth.
The strategies
⛳️ Strategy 1: Empower Employees
- Provide training sessions focused on creative thinking and problem-solving
- Establish an open-door policy to encourage idea sharing
- Allocate specific time each week for employees to work on innovative projects
- Create a rewards programme for innovative ideas that are implemented
- Encourage cross-departmental collaboration to foster diverse perspectives
- Provide the necessary tools and resources for innovation
- Promote a risk-taking mindset by celebrating failures as learning opportunities
- Set up an internal innovation lab for testing new ideas
- Host regular brainstorming sessions and workshops
- Establish a mentorship programme linking experienced staff with potential innovators
⛳️ Strategy 2: Leadership Involvement
- Leaders to publicly communicate the importance of innovation to the business
- Incorporate innovation-related goals in leadership performance reviews
- Leaders to actively participate in innovation initiatives
- Provide innovation-related training for leadership team to lead by example
- Organise regular feedback sessions between the leadership team and employees
- Align innovation strategies with the company’s vision and mission
- Create a steering committee for continuous innovation evaluation
- Encourage leaders to network with innovation-driven organisations
- Leaders to showcase successful innovation case studies within the company
- Include innovation topics in regular leadership meetings
⛳️ Strategy 3: Develop an Innovation Framework
- Define what innovation means for the business context
- Establish clear processes and infrastructure to support innovation
- Identify key areas in the business for potential innovation
- Install an idea management platform for idea submission and tracking
- Regularly analyse industry trends for innovative opportunities
- Develop metrics to measure innovation success and impact
- Assign dedicated innovation champions within the business
- Schedule regular updates and reviews of the innovation framework
- Celebrate successes to maintain momentum and engagement
- Document and disseminate lessons learned from innovation projects
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
