Key Elements in an Innovation Initiative

The key elements in an Innovation Initiative a. Stimulating • Identifying people to be included in innovation initiative. • Help in selecting projects for creative problem solving. • Making available teams to work on projects. • Top management approval and support. • Development of game plan with time, cost and staffing parameters b. Nurturing • Officially recognize the teams and scope of activity Schedule presentation to top management. • Provide a budget Organize Innovation Symposiums. • Provide space and time for innovation spirals to meet. • Mentors to help solve organizational hassles. • Provide common facilities center c. Sustaining • Start a MINDSPOWER club to meet once a month. Give innovation awards. • Celebrate good ideas. Prepare reports and publish success stories. • Use the innovation club for self development. • Have a 52 -week program on innovation. • Persuade all to use Innovation Tools. d. Reinstating • Communicate results of Innovation Initiative. • Have annual awards for Best Teams. • Name Master Innovators. • Have a series of tests that can lead to learning sets of thinking tools. • Create an office for development of Innovation, with representation on the Board.