Innovation
Article Index
Innovation
1.1 Ten Types of Innovation
1.2 A Framework for Strategic Innovation
1.3 Workplace Innovation
2.1 Top 25 of the Worlds Most Innovative Companies
2.2 The Most Innovative Companies - An Interactive Guide
2.3 2016 Global Innovation 1000 Study: Top R
2.4 2016 Worlds Top 100 Most innovative Companies
3.1 10 Lessons from 10 Years from the Worlds Most Innovative Companies
3.2 Entrepreneurial Innovation at Google
3.3 National Library Board (NLB), Singapore
3.4 Maritime Port Authority (MPA), Singapore
3.5 Best Practice Report: New Product Development - Innovation Strategy
4.1 Innovation, Growth, and Business Strategy
4.2 Innovation Survey: Clear Vision, Cloudy Execution
4.3 Understanding the Best Approaches and Tools to Manage the Complexity of Innovation
4.4 The Eight Essentials of Innovation
4.5 Emerging Role of the Chief Innovation Executive
4.6 Are Chief Innovation Officers Delivering Results?
4.7 The Five Requirements of a Truly Innovative Company
5.1 Innovation Management Standards
5.2 ISO/TC 279 Innovation Management: a Work in Progress
5.3 Innovation and Change Management in SME
5.4 Brainstorming Techniques for Innovation, Creativity and Problem Solving
5.5 Innovation Teams and Labs: Practical Guide
5.6 Innovation Labs: Do-It-Yourself Guide
5.7 Innovation Teams in Government
5.8 Emirates National Oil Company (ENOC) Suggestion Scheme
5.9 Industry Web Portal on Ideas Management Systems (IMS)
5.10 The International Association of Innovation Professional (IAOIP) Certification Program
5.11 HYPE Innovation Management
5.12 Three Box Solution for Sustainable Innovation
5.13 Innovative Business Strategies
5.14 Key Points to Consider when Developing Innovative Strategies
6.1 Global Innovation Index (GII)
6.2 Self-Assessment on the Effectiveness of Employee Suggestion Schemes
6.3 Innovation Management: Measuring Innovation
6.4 Measuring Maturity of an Employee Suggestion Scheme
6.5 Measuring Innovation
6.6 Innovation Maturity (Organisational-Wide) Self-Assessment
6.7 International Best Practice Competitions First Organisation-Wide Innovation Award
7. What do business leaders say about innovation?
This report outlines the best practices research undertaken by BPIR.com in the area of innovation. The best practices have been compiled under seven main headings. This new layout is designed to enable you to scan subjects that are of interest to you and your organisation, quickly assess their importance, and download relevant information for further study or to share with your colleagues.

In This Report

  1. What is “innovation”?
  2. Which organisations have been recognised for their high levels of innovation?
  3. How have organisations achieved high levels of innovation?
  4. What research has been undertaken into innovation?
  5. What tools and methods are used to achieve innovation?
  6. How is innovation measured?
  7. What do business leaders say about innovation?

The Definition

What exactly does “innovation” mean? The Organisation for Economic Co-operation and Development defines innovation as the “implementation of a new or significantly improved product (good or service), a new process, a new marketing method, or a new organisational method in business practices, workplace, organisation, or external relations”. The word itself is derived from the Latin verb innovare, which means “to renew”. From an economic point of view, innovation is something new that brings benefits to an organisation and/or society. You will often find that the terms “idea” and “invention” are associated with innovation; however, they are somewhat different in meaning. An invention has not yet been developed as a creative solution to a new problem; an idea is a creative thought of something new. Innovation is renewal. “Improvement” also refers to the implementation of something new, but there is a lesser degree of newness; usually, it is the optimisation or extension of something existing.

The Stage

Why should an organisation be interested in developing a culture of innovation within the workplace? The answer is simple: an investment in building an innovative culture is a crucial investment in an organisation’s development of world-class processes, products, and services. Evidence from decades of research has shown the level of innovation in a workplace to have a direct impact on the value of products and products and services; by extension, it can have a significant impact on profits. Innovation also improves productivity and leads to substantial cost savings. An innovative culture provides workers with opportunities to share their ideas and turn them into reality. Both workers and the organisation benefit from the process, which results in superior products and services, and a fulfilling environment in which workers can thrive and make significant contributions. This, in turn, enables organisations to retain their best workers and attract top talent.
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