Innovative Organizations - Look and feel

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Innovation – the Key to Success and Survival
Leaders of successful, high-growth companies understand that innovation is what drives growth, and innovation is achieved by awesome people with a shared relentless growth attitude and shared passion for problem solving and for turning ideas into realities. Companies that continuously innovate will create and re-invent new markets, products, services, and business models – which lead to more growth. Innovation is founded based on organization's ability to recognize market opportunities, its internal capabilities to respond innovatively, and the internal knowledge base.

So, the best thing to do to guarantee growth is to build a sustainable innovation organization around the following components:
1. Vision and strategy for innovation
2. Culture supporting innovation
3. Processes, practices and systems supporting innovation
4. Top management team leading innovation
5. Cross-functional teams mapping innovation road
6. Empowered employees driving innovation

So, how does typical Innovative companies look like?

The most common characteristics of Innovative companies/teams are:
  • Respect for each other - respect for its people (individualism)
  • Permission to take risk and freedom to fail
  • Customer-focused and oriented (both internal and external)
  • Willing to invest in R&D projects and innovation
  • Committed to making their people the best
  • High energy level (Optimism but not arrogance)
  • Positive, buoyant, pro-active "can-do" attitude
  • A confident and respectful attitude that enables innovation to grow

Once Microsoft chairman Bill Gates mentioned on “Innovation Management policies for Large Corporations”:

  • Eliminate politics, by giving everybody the same message - Communication is key
  • Keep a flat organization in which all issues are discussed openly - Transparency
  • Insist on clear and direct communication - Integrity
  • Prevent competing missions or objectives - shoot for common goals
  • Eliminate rivalry between different parts of the organization - Collaborate instead of competing
  • Empower teams to do their own things - Trust people and develop them

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