Innovation is increasingly being recognized as a critical driver of organizational success. But what does it take to be an innovative organization? Is it simply a matter of having the right people in the right roles?
The answer is that it's not that simple.
For Innovation to truly take hold in an organization - culture, leadership, team dynamics, business functions, and ecosystem engagement must be considered.
Intrepreneurship must be nurtured and allowed to grow, while at the same time, the status quo must be challenged. A balance must be struck between risk and reward.
To create an environment where Innovation can thrive, organizations must have the following:
1. A culture of openness and collaboration
2. Leaders who are willing to take risks and run experiments.
3. Psychologically safe Teams
4. Business functions that are open to new ideas
5. The ability to engage with the ecosystem vs not invented here syndrome.
When I look at this list and when I look at definition of Business Agility, it is clear to me that, business agility becomes the foundation for scalable and sustainable innovation. Innovation that is impactful.
Business agility institute defines Business agility as a set of organizational capabilities, behaviors, and ways of working that afford your business the freedom, flexibility, and resilience to achieve its purpose no matter what the future brings.
The foundation of an agile organization is a collaboration culture, where team members feel safe to experiment, fail, and learn. Bureaucracy is minimal in agile organizations, focusing on outcomes rather than outputs.
Are you powering Innovation in your organization through agility?
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