Invest in developing a strong innovation ecosystem from "summary" of Innovating Innovation by David Morey
To truly foster innovation within an organization, it is essential to create an environment that supports and nurtures new ideas. This involves investing in developing a strong innovation ecosystem that encourages creativity, collaboration, and experimentation. By cultivating a culture that values innovation and provides the necessary resources and support, companies can pave the way for groundbreaking discoveries and advancements.
Building a strong innovation ecosystem requires a multifaceted approach that involves not only financial investment but also a commitment to creating a conducive environment for innovation to thrive. This includes fostering a culture of curiosity and risk-taking, where employees feel empowered to explore new possibilities and challenge the status quo. It also involves investing in tools and technologies that enable creativity and experimentation, such as innovation labs and collaborative platforms.
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