Factors In Innovation Success I

These lie at the heart of this process.

There are several factors that play a role in the success of innovation. They include:

• Systematic and organized process: Innovation results from this process of managed change, turning new ideas into reality.
• Entrepreneurial skills: These lie at the heart of this process. But although "champions" who are passionate about change can make a lot happen, innovation is a team game, and managing it means involving people from across the organization.
• Creativity: This needs to be focused and directed.
• Understanding: Successful management of innovation needs a well-developed understanding of the process

ACTION POINT: Use the factors above to establish an environment of innovation.