Strategies to Boost your Innovation Culture – 4 Real-World Examples for CIOs

The right L&D (Learning & Development) practices are important in cultivating innovation in any organization. According to findcourses.com L&D US Report, companies with executives highly engaged in L&D are three-times more likely to say their company has a culture of innovation. The report features exclusive interviews with L&D professionals at Bayer, EY, Bonobos, and CyberCoders, who share their different strategies to push innovation in their companies. Four ways of creating an innovative environment in the workplace include taking risks, forging trust, sharing ideas, and embracing diversity. Taking risks is believed to be the key to innovation. Focus on strengths and create a safe space to take risks, fail, discuss, and keep moving forward. Building a culture of trust and openness where employees feel empowered to share their ideas is another way to encourage innovation. The third strategy is to prioritize idea-sharing and cross-level communication by creating a platform and a streamlined process. Finally, diversity & inclusion (D&I) in the workplace sparks creativity through the different perspectives and ideas that come with employees from varied backgrounds.