Innovation Tip: Best Ways Your Team Can Identify Opportunities for Innovation

It is commonly said that everyone is creative.

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It is commonly said that everyone is creative. Regardless of the popular opinion on this point, there’s no denying that when placed in certain situations, human beings can devise some pretty ingenious outcomes to challenges.  

For businesses, creating avenues where innovation happens is not just a mere desire, but it is incredibly critical to growing and succeeding in the long run. 

Here are 2 great ways your team can identify opportunities for innovation:

  • Incorporating innovation into the culture of the company from the top down, may seem like a difficult initiative, however, it can be as simple as taking little (and calculated) steps that pose very minimal risk to the organisation, but are able to show the value of creating an atmosphere where new and lucrative ideas can blossom. Companies such as 3M and Google are regarded as two of the most innovative companies in the world. They are both well known for taking steps within their companies to foster an  environment where innovation thrives, one is by encouraging employees to spend a percentage of their time on projects they choose, companies that go this route see the immense rewards, For 3M, it was the Post-it note*.
  • Another way opportunities for innovation can be identified is in an environment of collaboration. Allowing team collaboration, by breaking down departmental silos, reducing bureaucracy and facilitating the cross pollination of individuals from different walks of life and backgrounds allows people (and most importantly) ideas to intercross, birthing novel solutions that people wouldn’t have conjured up otherwise. 

*https://hbswk.hbs.edu/item/five-ways-to-make-your-company-more-innovative