HOW TO MAKE INNOVATION AS A DNA OF YOUR ORGANIZATION ?

LIKE GOOGLE ALLOWED ITS EMPLOYEES TO SPEND 20% OF THEIR WORKTIME IN DOING SOMETHING THAT THEY LIKE TO DO.

LIKE MANY COMPANIES HAVE STARTED GIVING EMPHASIS ON HRM AND HRD THEN BEFORE

AS PER BCG SURVEY, MORE THEN 84% COMPANIES IN INDIA ARE WILLING TO BRING IINOVATION THROUGH HRM & HRD PRACTICES WITH CUSTOMER FOCUSED PROGRAMMES

PLEASE SHARE YOUR VIEWS.

REGARDS,

SANJIB KUMAR

Innovation is basically an offshoot of improved knowledge. Proper Knowledge Management systems are important to make innovation a part of normal functioning in any organization. The regular inflow of knowledge of new discoveries from leading research centers, marketing, production experts etc., would keep the personnel abreast of the changes taking place in the relevant fields. Similarly feedback from customers would be a very valuable tool in kindling the activities of think tank within the organization.

Generally an environment in which knowledge is shared freely would be conducive to elicit and encourage innovations. An imaginative visualization of not only problems but also possible improvements and initiatives should be made part of channels of communication. Periodical brain-storm sessions should be planned by the Knowledge Managers, with a view to recognizing innovative efforts attempted and to identifying innovations to be tried.

Innovation is every where. Be it

• Formulation of the new product
• Introduction of a novel service
• Presentation of the brand new idea
• Development of new technique to solve the problem

Sequentially speaking the development of the innovations is encouraged by the organizations in every field to improve their Profitability of their Products ideas services and techniques by,

• Brain storming of the members of the organizations irrespective of their field in which they are working in their organization
• Formal group technique where the ideas are gathered ranked and rated
• Delphi technique wherein the innovations are invited posing the problems in the (usually in questionnaires) knowledge domain of experts like Too step or any experts committee chosen the respective organization and processing the ideas.

The innovations come out of the people’s minds takes shape as the product, service or technique in hands of factories organizations and experts.

Innovation comes as an outcome of exploring novel concepts and ideas. As the success or failure of such innovations is associated with compensation it is very difficult to get people try innovative ideas. Well, if the idea succeeds he gets rewarded through appreciation and compensation. It is true that a moment’s insight is sometimes worth a life’s experience. But for a person to take a risk he has to be motivated. An optimal incentive scheme could be formulated that can tolerate early failures and reward long term success.