What Are The Six Traits of Highly Innovative Organizations?

InnovationOne, a consultancy specializing in assessing and improving innovation culture and capability, has identified six key traits necessary for innovative companies. These include executive embrace of innovation, employee engagement, clear innovation process, knowledge management system, resource investment, and systems to encourage innovation. Without leadership support and employee engagement, it is unlikely that ideas will progress. A clear innovation process and innovation knowledge management system are necessary to develop ideas into innovation. Resource investment is crucial to ensure that great ideas make it through the process. Innovative companies must incentivize big risks and even failure if it results in lessons learned. InnovationOne has developed a two-minute, six-question assessment to help organizations understand their strengths.