Page 32 - 15 Best Practices to Manage and Finance Innovation

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BEST PRACTICE
AVAILABLE INTERNAL AND EXTERNAL RESOURCES AVAILABLE INTERNAL AND EXTERNAL RESOURCES Skills Management
THE CHALLENGE OF: INNOVATION INNOVATION MANAGEMENT MANAGEMENT THE CHALLENGE OF: INNOVATION INNOVATION SKILLS MANAGEMENT MANAGEMENT TO OPTIMISE INNOVATION INNOVATION THE MANAGING SKILLS TO MAXIMISE VALUE CREATION
Skill management and and and talent capture are key issues for business leaders In a a a a a a a a a a a a a a a a a context of of of rapidly evolving technology and and and increasing competition developing expertise and and and investing in in in in in in in in in in in in the training of of of employees must be an an an an an an integral part of of of a a a a a a a a a a a a a a a a a a a a company's innovation strategy In a a a a a a a a a a a collaborative and participative environment skills management revolves around the following areas:
Support from senior management on on on on the the the merits of innovation initiatives and their contribution to the company's strategy Investment in in internal and external communication to accelerate support for new corporate projects
Promoting emotional intelligence based on on on trust to facilitate interactions between stakeholders with different skills and backgrounds
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methods and networks while working to to to create an an an environment that’s conducive to to to collaborative collaborative dynamics 1 Encouraging an an intrapreneurial spirit to to turn ideas into profitable finished products through assertive risk-taking and innovation 2
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Promoting quick learning to accelerate the sharing of new knowledge As major players in in in in open innovation managers must consider the future need for skills related to to to collaborative collaborative working working ABGI's
BEST PRACTICES
Encourage employees’ creativity by setting up innovation spaces or exchange platforms and promoting a a a a culture that fosters curiosity and initiative Map all all employee skills and allow quick access to them through a a a a directory of expertise Encourage employees' interaction with with different areas within the business to influence the the development of the the company and promote active contact with customers and partners to to bring out new solutions Organise innovation challenges to facilitate the emergence of ideas Improve Improve business Reinforce teams' support for for for the Promote collective self-improvement Improve Improve performance company's innovation innovation projects
creativity and innovation innovation employees' skills BENEFITS FOR THE BUSINESS – this will allow you to: