INNOVATIVE SYSTEM
This is a system which focuses on recruiting and retaining skilled employees giving them access to knowledge, encouraging and enabling them to think creatively and innovatively.
COMPONENTS OF INNOVATIVE SYSTEMS
Ø Organizational culture that values innovations
Ø Responsibility for innovation is placed on all staff.
Ø Put in place human resource systems that encourage employees to be innovative e.g. effective reward and motivation
Ø Linkages with the marketing function i.e. understand your customers’ tastes and preferences as well as competitors to survive.
Ø Knowledge acquisition and management process that continuously bring into the organization new ideas, concepts and knowledge.
Ø Performance measurement system that measures the innovative pulse/rate of the organization
Ø Intellectual property management systems that identify, protect, value, manage and audit the organizations intellectual property.
Ø Collaboration with organizations that contribute to innovation
| Creativity | Innovation |
|---|---|
| Involves discovering the existence of opportunities | . Involves utilizing the opportunities generated by increasing efficiency or effectiveness. |
| Idea generation | Idea selection, development, coordination and implementation. |
| Generates original or novel ideas | It builds on existing concepts |
| Exploration or adventure of non existing or undiscovered resources | Revolution, automation, rationalization of procedures, business process reengineering and a paradigm shift |
| Way of thinking shaped by perception | Implementing thoughts to turn them into practical business |
| Bring forth, conceive, generate patterns, ideas and new formulas | Conversion of ideas, patterns and formulas into new products |