The decision to grow your organization may require the development of new products or services, moving into new markets or creating new value propositions and business models.
But regardless of the strategies employed, organizations benefit greatly from having a strong innovation process, structure and culture to support organizational growth.
That is, if an organization actually wants to foster, encourage and act on new thinking — and not merely pay lip service to it.
Consider organizations with reputations as innovators — Warby Parker, Apple, Stitch Fix, the list goes on. As outsiders, we see their innovative business models, product development and product fulfillment.
Yet each of these organizations also has a set structure and process for identifying and acting on innovative ideas, as well as a culture of innovation that permeates every organizational decision.
In short, innovation doesn't happen by magic.
Here's how to determine if your organization is ready to build the foundation needed for innovation:
In each area, honestly assess your organization's readiness innovate. If commitment is high, articulate next steps for improving infrastructure to support greater and ongoing innovation.
