The paper "Innovation and Its Essence in Workplaces" is a great example of business coursework. Innovation in workplaces is considered as a process through which different economic and social values are extracted from knowledge using generation, development and the implementation of ideas in ways that ensure the production of new or improved strategies, capacities, services, processes or products (Terziovski, 2007). The main objective of any innovation process in a business platform is considered a workable strategy when the ideas generated are converted into useful products. How managers encourage innovation in a workplace The ability of an organization to thrive in the market is based on the capability of the management to create an environment that encourages innovation.
This is because the process of innovation often requires an organization to have the capacity to attract ideas from different platforms, convert these ideas into workable strategies to boost the reputation and the competitive advantage of the organization in the market (Terziovski, 2007). Managers in an organization can encourage innovation using an idea portal. This is an intranet-based tool that assists the management in tracking ideas from the initiation stage to the implementation.
This is considered as a relatively easier way of promoting innovation since the use of such a portal is often accessible to employees hence making it easier to generate ideas with transparent origins (Terziovski, 2007). The use of an idea portal can also be possible in situations where a company has a research and development department that assesses the possibility that the ideas proposed will lead to the development of new products, service or process in ways that boost the competitive advantage of the company (Hø yrup, 2012).
The use of an idea portal is also possible when the customer service desk is charged with the responsibility of documenting useful information from customers. When employees are allowed to share information from customers, it is possible for these employees to generate ideas on ways through which they can improve on different processes such as customer service and the design of products. Companies such as Coca-Cola have been instrumental in the use of idea portals to develop ways through which the company can develop in specific areas (Butler & Tischler, 2015).
This explains why Coca-Cola has been able to thrive in the beverage industry through the development of soft drinks that provide customers with a variety of products (Butler & Tischler, 2015). Managers can also promote innovation in workplaces by rewarding good ideas. These positive reinforcements increase the probability that more employees will be involved in a process that encourages rewards in the form of incentives and promotions often increase the ability of employees to engage in more innovative techniques (Terziovski, 2007). One way through which the reward systems can be effective in an organizational setting is by promoting the employees to be part of the team that builds and develops the idea until the implementation stage.
The integration of employees into the workforce that endeavours to implement their ideas creates a sense of ownership and motivation towards the development of the organization. BMW is considered as one of the most successful automobile companies in the world in terms of innovation. One way by which BMW has been able to boost its reputation as a successful company is by embracing new technological ideas and promoting employees in charge of the ideas (Gaubinger, 2014).
Butler, D & Tischler, L. (2015). Design to Grow: How Coca-Cola Learned to Combine Scale
and Agility (and How You Can Too). Simon and Schuster: New York
Gaily, B. (2007). Developing Innovative Organizations: A Roadmap to Boost Your Innovation
Potential. Basingstoke: Palgrave Macmillan
Gaubinger, K. (2014). Innovation and product management: A holistic and practical approach
to uncertainty reduction.
Høyrup, S. (2012). Employee-driven innovation: A new approach. New York, NY: Palgrave
Terziovski, M. (2007). Building innovation capability in organizations: An international cross-
case perspective. London: Imperial College Press.
Zufi, J. (2013). Iconic: A photographic tribute to Apple innovation. Atlanta, GA: Ridgewood