Creativity and Innovation Management - MIT ID Innovation

1. An Overview of Creativity and Innovation • Management • MITID Innovation

2. In an ever-growing and competitive world, creativity is the best tool for success. But it should be properly utilized. Without good management companies will find a decrease in their profits, even if they have good creative ventures. This blog aims to introduce and explain the very significant topic of creativity and innovation management.

3. What is Creativity and Innovation Management It is a tool that fills the gap between the theory and practical applications of organizing imagination and innovation.  It is a tool that gives managers insights into introducing innovation within their organizations. It also helps in boosting the development of the creative performance in their staff. 94% of managers look for creativity while enrolling candidates.

4. There are five pillars in creativity and innovation management. These are: Communication: Make it clear how much you/the company values innovation. Create an innovative platform where everyone can brainstorm and share their ideas. Through communication and a sharing of common space, build trust and loyalty.

5. Time: Manage time between projects. Make a setlist of hours that the staff can spend working on their own projects, which can boost their creativity while working on the company projects. Control activity: Control the amount of work that is given to be completed on a deadline. It’s important to not overload the epmoyees’ mind with work during creative hours.

6. Control results: The work assigned and the results it yields should have a clear balance. One should not compromise the other. Recognition for the best work: All employees fancy a little appreciation. Hand out awards and certificates for the best work as a reward for their hard work.

7. What are the Creativity and Innovation in the Workplace To encourage the best creative and innovative mindsets in the workplace companies have to strictly follow the above-given pillars. Innovation can only happen when an organization embraces the ‘way things could be’ and lets go of the ‘way things are’. The staff should learn to embrace the nuances in an already established idea and alter them for the better.

8. Innovation at the basic level is ‘what ifs’, these are just ideas that may or may not work. After brainstorming and producing these ideas, companies have to go through a trial and error program to choose the best. But when you think of an idea, you modify it, process it, and experiment on it to mold it into an even better and bigger product or concept. This end product is the fruit of your innovation.

9. How do Creativity and Innovation Enhance Business Growth Raw intelligence can only get you to the moon. To reach the stars you need to work hard and grow with every mistake. Creativity and innovation are the best tools to possess in a business venture. 

10. Creativity and innovation management lead to the overall success of an organization since it’s better to have a task force of hardworking creative individuals than a few intelligent workers. 61% of workers in a survey stated they are embracing open innovation.

11. Conclusion MIT ID Innovation Programme curates knowledge and experiences that challenge the very paradigm of evolution. And that's why we have set out to define the future of industries, communities, cities and ecosystems. MIT ID Innovation offers the best Innovation Coursesand Design Thinking.

12. innovation@mitid.edu.in +91-7038982225 / +91 9834092369 We’d love to hear from you. MIT INSTITUTE OF DESIGNRajbaug,, Loni-Kalbhor, Pune-412201