How to Foster an Organizational Culture that Encourages Innovation

Innovation is vital to the success and growth of any company. Companies that encourage a culture of innovation among employees are more effective and can quickly become successful. Ways to foster this culture include asking for ideas, allowing employees to devote working hours to inventing new things, and creating an innovation team. Companies like Google have successfully used the 20% policy, which allows employees to spend up to 20% of their work time on innovative projects. Embracing newer, more efficient technology and allowing employees to make mistakes without penalty can also lead to a more innovative culture.