Fostering innovation

Posted by Lisette Howlett in Strategies on Tue, 20/10/2009 - 12:40
  • Superior results are delivered by companies which operate superior innovation processes
  • Can companies learn how to innovate?
  • There is plenty HR can do to enable and encourage an innovative culture in the organisation

Innovative organisations are successful ones. Lisette Howlett explores how innovation can become part of your HR department and organisation's DNA.

 

 

As companies wrestle with the never-ending challenge of finding new sources of growth in stagnant or declining markets, the pressure to innovate is higher than ever. But can companies learn how to innovate? Or is innovation the preserve of a few lucky entrepreneurs, with the right ideas at just the right time? I believe that innovation is a matter of structure, process, people and corporate mindset or culture.

This is supported by a study of 1,000 public companies by consultants Booz, Allen & Hamilton which found absolutely no correlation between business performance and the size of the R&D budget. They concluded that superior results are delivered by companies which operate superior innovation processes. I would take this one step further and say that it requires an innovative culture.

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Editor's Welcome

 

Hello! I'm a great believer in the power of stories, whether they be folk tales, novels, films or TV dramas.
 
They have a wonderful ability to get complex moral or social issues over to us in a palatable, easy-to-understand way and can provide many lessons if only we care to look just a little bit below the surface.
 
But they can also act as a fun starting point for discussion and debate on rather more serious topics that are all too often brushed under the carpet and ignored.
 

Hence our decision to start up a Review slot on the site to look at those everyday stories that are all around us from an HR perspective.

Although we've been publishing book reviews (take a look at our Book Club list of suggested possible non-fiction works for evaluation here) for some time, you may also have noticed that we've been running a weekly home page blog on The Apprentice courtesy of The Chemistry Group for a while now.

And Pauline Wood, managing director at specialist retail headhunter, court & spark consulting, was likewise kind enough to write our first film review on the Headhunters movie.

But the big question is, why don't you give it a go yourself? There's a world of choice out there and I, like the rest of the community, would love to hear your thoughts and insights.

So next time you watch a movie, see a TV drama or read a novel that you think has an HR message worth sharing, send your review to me at cath.everett@siftmedia.co.uk or post it directly to our blogs section at www.hrzone.co.uk/blogs.

So get critiquing and look forward to hearing from you very soon.....

Cath Everett
HRZone Editor 
 
 
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