Source: Bangkokpost.com
Summary
Innovation has always been one of the core processes that every organisation must nurture in order to retain its viability… and can become a sustainable competitive advantage.
Innovation can manifest itself as strategy to business processes, operational and management methods, involve a technological change or a business model change.
You must define and set the context for the role that innovation will play in delivering profitable growth.
A great majority of them have been unable or unsuccessfully integrate it into their corporate cultures.
Innovation only comes by invitation and dedication. Time, money and people need to be allocated in the search for innovation.
Business leaders… “need to let go of their own fixation on their authority and allow people to share ideas and try new things.”
https://www.bangkokpost.com/business/news/1388802/welcoming-innovation-to-your-organisation