Encouraging and building innovative organizational environments is important.
business
Description
Innovative Entrepreneurial Environments Encouraging and building
innovative organizational environments is important. Companies that fail
to innovate, soon may fail to exist, such as Polaroid, Borders Books,
and Toys-R-Us, among others. Too many times stakeholders with innovative
ideas and processes don’t speak out. Organizations, especially
entrepreneurial ventures need to; set explicit innovation goals, create a
system of feedback and positive reinforcement, emphasize individual
responsibility, provide rewards for innovative ideas and not punish
failure. Is your current or a former
organization creating an innovative, entrepreneurial environment? What
processes are or were in place for stakeholders to share new ideas?
Fully explain your response and share with others in the course how
organizations can encourage innovation.
