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Requirement
Sustainable Innovative Culture Assignment
Solution
Sustainable Innovative Culture
Every organization works towards the achievement of the goals that it sets for itself. It designs its business operations to shape its culture in order to drive the innovation with an aim to get superior results. The important factors that drive innovation are effective strategies, efficient business models, proper structure, better processes, advance technologies, and required tools. Apart from these, the values, norms, behaviors and performances are the invisible forces that are responsible for significant organizational change efforts (Hyland & Beckett, 2005). The following are some of the crucial points that help in creating sustainable innovative culture in an organization:
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It is extremely important to be intentional with the innovation intent as the most organizational visions seem to be alike because they are broad-based goals leaving very little to spark motivation. Therefore, if a company frames the way it wants to bring the change in the lives of its customer, the innovation will come naturally.
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Creating an effective structure for unstructured time is often a profound way as innovation needs time to develop. Therefore, using time intelligently brings ahead major incentive to get a lot of time to play with.
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Proper measurement of what is meaningful because it is a fact that what one gets is what one measures. Turning ideas into something measurable really makes a profound impact. Therefore, the organization should use proper metrics (Ahmed, 1998).
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It is critical to recognize success, however, the companies should go extra yard by giving innovation award in order to catalyze a culture of innovation. Also, such acknowledgements further encourage the spirit of free flowing ideas.
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Being symbolic represents the core values of an organization. These symbolic representation could be shown in a number of ways such as value statements, posters, catch phrases, punch lines, tag lines and other innovative symbols.
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Organizations sometimes go through the patch when innovations do not happen for better or worse such as the situation of budget crunch wherein the money is meant to keep the business models and business structures go on for some time.
The places like Austin, Boston and particularly Silicon Valley constitute one of the most unique and really hard to replicate innovative ecosystems in the world. These places are home to many of the big high tech industries in the world. The Silicon Valley has proved to be a hotbed of creativity and innovation for hundreds of professionals and such an incredible ecosystem is really difficult to replicate elsewhere. It boasts of highly educated, diverse and creative professionals who have helped to transform the Information Technology industry to the next level. Increasingly, the region is becoming a hub for innovative IT practices to create profound organizational infrastructure (Lee, 2000). The key characteristics and unique features of Silicon Valley are: a) presence of world-class research universities, advanced national laboratories and a number of other sophisticated corporate and private research institutions, b) massive federal R&D investment, c) around 40% of US venture capital has been invested and 7 of US’s top 10 venture, d) there are at least 6 of the top 10 information and communication companies that are located and successfully running inside the silicon Valley campus, and e) the place is a perfect amalgamation place for both advance level local degree holders and foreign born founders of well performing business start-ups who earn way more than the national average, f) the professional are laid-back yet highly motivated, committed yet independent, competitive yet cooperative and pragmatic yet optimistic, and g) Culture of accepting failures (effective evaluation and monitoring).
Some of the other areas and cities in the world are doing extremely fine job in order to transform themselves into the hub for next generation innovative centers. Some of these cities are listed as follows:
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Singapore has utilized and managed its resources extremely well.
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Houston is being thriving and shining yet affordable. It has grown and shown the capacity without even going through real estate inflation.
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Medellin, Colombia is successfully making high-profile investments in the poor areas.
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Detroit has long been striving very hard to reduce the red tape in order to redevelop the neighborhood (Totty, 2016).
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Vancouver has been proven innovative in improving its walkability as it has taken transportation as its first priority.
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Finally, China is the hub for manufacturing paradise.
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Ahmed, P. (1998). Culture and climate for innovation. Euro Jrnl Of Inn Mnagmnt, 1(1), 30-43. http://dx.doi.org/10.1108/14601069810199131
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Hyland, P. & Beckett, R. (2005). Engendering an innovative culture and maintaining operational balance. Jrnl Of Small Bus Ente Dev, 12(3), 336-352. http://dx.doi.org/10.1108/14626000510612268
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Lee, C. M. (2000). The Silicon Valley edge: A habitat for innovation and entrepreneurship. Stanford University Press.
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Totty, M. (2016). Five Cities That Are Leading the Way in Urban Innovation. WSJ. Retrieved 14 September 2016, from http://www.wsj.com/articles/five-cities-that-are-leading-the-way-in-urban-innovation-1461549789
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