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Drivers & Challenges to Innovation Culture (PowerPoint PPTX)
PowerPoint (PPTX) 28 Slides FlevyPro Document
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Innovation-centric research conducted of over 750 businesses in 17 different markets brought to light some striking insights on Innovation Management, in addition to rating the leading global Innovators.
The organizations that seized top places in the Innovation ranking were clearly managing Innovation in a systematic manner. Their systematic approach to Innovation was grounded in exploration—i.e. trial and error. This systematic Innovation was evolutionary in nature, transforming in line with the competition, market, and organizational requirements.
However, most organizations struggle with creating a Culture of exploration and experimentation. Numerous challenges exist. For instance, most companies have an emphasis on producing quality, bringing efficiency, and minimizing costs. These organizations become susceptible to making too low of an investment in exploration, which is essential to manage uncertainty, experiment, learn from errors, and innovate.
This Innovation Culture framework presentation outlines the 3 strategic drivers vital for creating a Culture of Innovation and enabling breakthrough Innovation:
1. Management – Senior Management is the foremost driver of Innovation. Uncompromising commitment from the management is crucial to embed Innovation at the center of an Organizational Culture.
2. Governance – Top Innovators were found to be clearly segregating Innovation projects based on the level of innovativeness (low or high). They were observed to employ distinct procedures to manage revolutionary and incremental Innovation projects.
3. Organization – Organizational structures specific for breakthrough Innovation projects in these enterprises were evidently encouraging of forming alliances with partners, vendors, and customers.
Out of the total study population on Innovation-centric organizations, just 7.6% of the sample included breakthrough and disruptive Innovation. The disruptive innovators were great at combining these 3 strategic drivers for high impact.
Other topics addressed in the presentation include Adaptability and Innovation Culture, Organizational Ambidexterity, Integrative Culture, Explorative vs. Exploitative Culture, as well as soft challenges to Innovation Culture.
The PowerPoint presentation on Innovation Culture also includes some slide templates for you to use in your own business presentations, which convey concepts of the 4 Soft Challenges to Innovation Culture and the 3 Innovation Drivers.
The presentation also delves into the importance of adaptability in fostering an Innovation Culture. Emphasizing the necessity of balancing exploitative and explorative practices, it provides actionable insights for leaders.
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Source: Best Practices in Corporate Culture, Innovation PowerPoint Slides: Drivers & Challenges to Innovation Culture PowerPoint (PPTX) Presentation, LearnPPT Consulting
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