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Promoting and Maintaining Innovation

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Promoting and Maintaining Innovation
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University of Phoenix OI/361 Innovation, Design, and Creativity for a Competitive Advantage

Promoting and Maintaining Innovation
Innovation is a combination of creativity, to come up with ideas, and implementation, putting those ideas into practice. Implementation is a three step process: idea selection, development, and commercialization (Von Stamm, 2003). Innovation is required in order for an organization to grow and remain ahead of the competition. Organizations use motivational tools to promote innovation in the workplace. This paper will evaluate the roles these motivational tools play in promoting innovation and the leadership required to maintain innovation in an organization.
Roles of Motivational Tools
To promote innovation, organizations use incentives, training, and education to motivate employees. Incentives come in the form of monetary rewards such as a bonus and non-monetary rewards such as a reserved parking space. Incentives attract employee’s attention and motivate them to work harder. Employees in the sales department tend to work harder knowing that at the end of the quarter there will a bonus based on the amount of revenue they generated. Training and education have the same overall result. They both provide knowledge to employees in their area of work thus helping them be better at their job. Training however is more specialized than education. Some organizations will pay for continued education for their employees. This is a great motivational tool and promotes innovation. Employees who are now more equipped with advanced education will bring back into the workplace that knowledge with them. Training can be in the form of seminars and general conferences. Using incentives, training, and education to promote innovation helps organizations achieve its…...

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