The 3 Essential Components of Innovation Capacity

Many organizations have the potential to be innovative but may not recognize it within themselves. To integrate innovation into an organization, there are three critical components that must be considered: technology, culture, and training. First, technology can empower employees by allowing them to share their opinions in a streamlined manner through innovation management software. Second, innovation must be embedded into the organization's culture to overcome the challenge of being risk-averse, and it must be viewed as everyone's responsibility. Third, training is essential for employees to constantly seek solutions to problems in the workplace. By identifying these three ingredients, innovation can be successfully integrated into any organization.