Almost universally, business and talent development leaders proclaim the importance of innovation. Turning creative ideas into new products or services, improving existing products, and implementing advances in the processes and practices that govern enterprise operations are essential to the evolution and sustainability of organizations.
Yet, most companies struggle to achieve high levels of effectiveness in their innovation efforts, according to talent development leaders surveyed by the Association for Talent Development (ATD) and the Institute for Corporate Productivity (i4cp) for Advancing Innovation: High-Performance Strategies for Talent Development. Barely 30 percent of those leaders said their organizations had reached a high degree of success.
Designed to explore the roles talent development functions play in organizational innovation, the study found a largely untapped area of opportunity. Advancing Innovation also uncovered many complexities involved in driving successful organizational innovation.
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