Many companies may claim to be “cutting-edge” or ground-breaking. Yet their employees, tasked with development and innovation, might tell a different story. Worse, a close examination of the bottom line might reveal a disconnect between what the market desires and what the company has provided.An innovation culture appears desirable. How can a manager know if an organization has such a culture? Could it be measured or grown? What value does an innovation culture bring that makes development worthwhile? In the paragraphs ahead, innovation culture will be defined and its value firmly assessed.
What is a Culture of Innovation?
While innovation can happen on an individual or government level, most Canadians believe private businesses are the most innovative sector of society. Obviously, each corporation will have particular distinctives and specifics, but there are several general characteristics that drive innovation across organizations.
Diverse. In a 2019 report, the Rideau Hall Foundation found that 79 percent of Canadians believe that exposure to different cultures drives innovation. Fresh ideas and new perspectives can lead to novel solutions to old problems.
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