Factors in Innovation Success II

Innovation requires strategic leadership -- having a vision and being able to share it.

Additional factors that foster successful innovation include:

• Planning: It depends on good project planning and management -- against a background of uncertainty.
• Teamwork: It needs effective project team working -- the ability to work with others under uncertain conditions.
• Leadership: Innovation requires strategic leadership -- having a vision and being able to share it.
• Learning skills: Successful innovators have learning skills -- the ability to analyze what works and why, and to use this knowledge to improve capability for the next time.

ACTION POINT: Focus on learning, planning, teamwork and leadership to encourage innovation.