Question

What are the important components of an innovative organization? What is the role of leadership in innovation? How would one change the creative climate in an organization? How does one measure innovation?

Answer 1

What are the important components of an innovative organization?

• Clear of objectives of firm.
• Well developed infrastructure
• Attitude towards the risk
• External confidence.
• Freedom.

                                      

What is the role of leadership in innovation?

Leadership is inevitable for promoting innovation in an organization. Leader assembles parts and people of organization. Leader reconciles differences amongst the group and move towards single objectives of organization.

How would one change the creative climate in an organization?

Creative climate in organization can be changed through the effective leadership quality. Leader must be followed by the individuals associated with organization. Leader must recognize the factors that can promote innovations in organization.

How does one measure innovation?

• Setting goals and judging if these goals are achieved in short run and long run.
• Number of products launched.
• Number of Intellectual property rights.
• Seeing if brand image of product has increased.