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Business StandardValue innovation can help improve efficiency across the organisation and deliver better results.

In the second decade of the 21st century, it is imperative that governments increase the quality of life for their citizens, and companies drive sustainable, profitable growth to compete effectively in the global economy. They do this through innovation.

Innovation is critically important but is it clear what innovation is? It can be many things: Doing things differently, thinking out of the box, coming up with new ideas and products, taking risks, being creative. The ability of an organisation to innovate is not only a function of processes and tools but also the organisation’s culture and stakeholder behaviour. It is easy to see why innovation is misunderstood.

To read the full, original article click on this link: Where innovation creates value

Author: Richard K Lee