How to do Innovation in an Organization?

With the Introduction to Cultural based innovation in all the department of the organization irrespective of Traditional R&D based innovation lead to implement innovative ideas on large scale in an organization.

Innovation can be of different type.Incentive based Innovation would leads to drastically change the process, services and products of the organization.Innovation in distribution network by making strong retailer based innovative distribution system.Cost Innovation by reducing the cost of the product at the same time maintaining better quality.

Other type of Invocation e.g; Customer relationship Innovation , Business model Innovation, workflow Innovation, System delivery Innovation, Supply chain Innovation, Value innovation, Revenue Model innovation.

Innovation always depends upon future projections based on product, service, process innovations.

There is difference between experience and imagination. experience is based on your past patterns while imagination is based on future or predictive patterns.

Innovation is always depends upon need of the industry or customer.After creating goal statements and brain storming on ideas which further lead to pilot project and build prototype on top of pilot project.

Ideas lead to prototype, prototype lead to testing, testing lead to feedback.

How to do Innovation in an Organization? was originally published in Virtue on Medium, where people are continuing the conversation by highlighting and responding to this story.