The Importance of Innovation and Organizational Culture
Mehmet G?khan KARATOY MSc
Master of Innovation and Entrepreneur Economics at Marmara University | Board Advisor of Strategy & Innovation
The challenges we face due to the complexity of today's world, technological developments, the speed and continuity of change require innovative solutions. Innovation is a talent we carry in our genes from past to present, as the human urge to be curious and dare to make mistakes. If businesses want to adopt a culture of innovation, they must first support their employees' ability to be curious and make mistakes. No organization that is not supported by the top management can be successful within the company, so we can say that innovation and a top management approach that will support innovation activities is the most important element for success. Another element to be successful is that businesses try to develop innovation as a capability. This ensures that innovation penetrates daily processes and becomes embedded in the culture.
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The economic conditions we are in, technological developments and the increasingly competitive environment strengthen the need for innovation day by day.
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Do you want your company's name to be associated with innovation? Or do you really want to establish a permanent system by making innovation a corporate culture? Frankly, we actually know what needs to be done. Investing in innovation and prioritizing it requires high-level management equipment, leadership, technological competence, budget, appropriate organizational structure and foresight.
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One of the foremost priorities for companies should be to make innovation a permanent part of their corporate culture. Transforming innovation into a corporate culture can potentially provide permanent solutions to many challenges companies have faced or will face in the future. Although creating an innovation ecosystem that collaborates seamlessly across all departments within the company may not be an immediate task, there are successful examples achieved over time through well-placed steps and team efforts.
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Achieving sustainable innovation involves making it a part of the company culture through consensus-building, questioning, daring to innovate and ensuring that all employees embrace it. Innovation thrives on collective effort and collaborative struggle.
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Perhaps explaining the importance of innovation for the future like this would make it clearer: Just as water has been one of the most important resources in the formation of civilizations and the development of social processes, innovation is equally crucial for the development and sustainability of companies. Just as fields cannot yield crops and may wither without water, businesses cannot develop new products and may perish without innovation. Unfortunately, this is the harsh reality.
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Apple selects its employees from innovative individuals. Similarly, innovation plays a significant role in the growth of Google , one of the world's most innovative companies. Why do you think Tesla focuses so much on innovation and continues to focus on sustainability and innovation efforts to survive in the future? What role do you think innovation plays in its current position?
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If you also support internal innovation activities and have various practices, strategies, cultures, or products in this area, you can participate in selecting the 2024 innovation leaders through Inovalig and apply to share your work. There are many institutions and businesses in our country that value innovation, initiate successful projects, and support their employees in this field. I find TEB's efforts to promote an internal innovation culture, such as the Spark Portal and the innovation team, successful. Additionally, I believe that through its Inventors competition, which has become a tradition, TEB has contributed to raising awareness of innovation in our country, serving as the strongest example of open innovation. All students and professionals who consider themselves innovative can participate in icatcikar competition. When we examine the most innovative companies of 2023, we must understand how much importance businesses that invest in innovation place on it and that they do not neglect planning for tomorrow while living today.
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As someone who has been planning innovation activities for years, providing various trainings, establishing innovation structures in corporate companies, publishing articles in this field, and developing strategies in working life, I have tried to explain the importance of innovation and create awareness in this area. Based on my experiences, I can clearly state that regardless of the scale, if businesses want to survive in the future and leave a legacy for future generations, they must support internal innovation activities to the best of their abilities and make innovation a part of their corporate culture.
An innovation culture is achieved by giving employees a voice, developing tools to motivate them, showing that you value them and through teamwork. The most valuable asset of companies is intellectual capital, and investment should be made in talented minds.
Organizations that invest in innovation, talented minds, and technology for now and the future will be more agile, resilient, and prepared to compete in unpredictable situations.