6 Internal Sources Of Innovation

Leadership is critical to creating a safe environment for innovation, setting the direction for innovation, and encouraging employees to innovate. Centralized and decentralized R&D units, innovation labs, and intrapreneurs are all sources of innovation in large companies, and all employees can contribute. Companies should encourage employees to submit proposals, and specialized software can help manage ideas. Transparency is key in selecting innovation sources, and innovation managers should also consider external sources of innovation.