BSBSTR801 - Lead innovative thinking and practice

INNOVATION CULTURE REPORT

Learner Name

Workplace/Organisation Bounce Fitness

State/Territory QLD

Date Prepared 10/3/23

Innovation Culture Report Version 1.0 Produced 20 December 2021

© Precision RTO Resources Page 1
 Supporting Team Approaches to Innovation
Resource for Innovation Processes Benefit of Using Each Resource
1. Money Innovation cannot happen without dedicated funds
that allow employees to bring their ideas to life
2. Equipment Businesses that want to see innovative ideas
cultivated by their staff should consistently set
equipment aside for that specific purpose. This is
one of the most overlooked resources a company
has, yet without it, innovative ideas can never be
carried out or tested.
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Innovation Culture Report
Page 2
Team Approach to Using Each Resource
This means an appropriate percentage of
your budget should be set aside to further
innovation. And it shouldn't be moved
around if there is a budgetary shortfall
somewhere else. Maybe this is 10 percent,
or maybe it's more.
This equipment, whether it is software or
hardware, is likely being used for core
business purposes. If an employee is not
engaged in a project assigned to them, they
are often discouraged from using
workplace equipment or may not have
access to it. Sometimes, even if a company
allows its team members to use the
equipment for innovative projects, it is only
possible to do so when the equipment is
not being used for something “more
important.”
Version 1.0 Produced 20 December 2021
© Precision RTO Resources
Innovation Culture Report Version 1.0 Produced 20 December 2021
© Precision RTO Resources Page 3
 Strategies to Foster a Workplace Culture That Encourages Innovation

Create an Innovation Sandbox – Define what innovation means for your organisation

Employees need to understand what types of ideas the team and the organization think are innovative. Providing a framework
outlining the type of ideas that the organization is looking for will not only empower team members, but will allow them to be
more creative and push the boundaries of the innovation sandbox. Give your employees a guideline to help them think about
Strategy 1 where they can contribute to the team/organizations overall innovation goals.

Be open to new ideas and be willing to build on them

True innovation often comes from moulding together multiple ideas. Being open to new ideas, especially as an executive, is
essential for changing the innovation culture of the organization. The real magic begins to happen when new ideas are built on.
In brainstorming sessions, just write down ideas. Then in another session work on combining similar ideas together with the
Strategy 2 intent of building on top of ideas rather than stating why they can’t happen.

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Innovation Culture Report Version 1.0 Produced 20 December 2021

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 Supporting Innovation in the Workplace

1. Create a shared understanding of innovation

How and why to innovate will look different from one company to the next. Innovation is contextual, which means that
while you may understand the importance of innovation, you need to create a shared understanding around what it is, what
Systems to Support it looks like, and what it will do for your organization.

Innovation in the Workplace

2. Create a work environment that supports creativity and innovation

An organizational culture that supports innovation supports creativity—one where creativity is welcomed, can be expressed
and is accepted with respect.

1. Realistic Workload Pressures: Extreme time pressures, unrealistic expectations for productivity, and
distractions from creative work are counterproductive when creating a culture of innovation.

Processes to Support
Innovation in the Workplace 2. Organizational Encouragement: This is a culture that encourages creativity through the fair, constructive
judgment of ideas, reward and recognition for creative work, mechanisms for developing new ideas, and an active flow
of ideas and a shared vision.

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END OF INNOVATION CULTURE REPORT

Innovation Culture Report Version 1.0 Produced 20 December 2021

© Precision RTO Resources Page 5