To Stay Competitive, Nurture A Culture Of Innovation

Companies that don't innovate risk becoming marginalized, and CIOs are often expected to help accelerate innovation within their firms. The key to success in this role is creating and sustaining an innovation culture. The core components of an innovation culture include communicating the innovation process to others in the organization, facilitating the development of innovation expertise, creating a safe climate for risk-taking, and using a blend of learning approaches to develop innovation capabilities. This report will answer questions like: How do CIOs communicate innovation strategies and processes? How do firms create an innovation culture? And how can the CIO help support the innovation agenda? This report is a moderate update of a previously published report.