Several firms globally are grappling with finding ways to somehow elicit business innovation. Academicians have often been at the forefront of such changes, however it has been understood that teams of people are usually better at it than lone geniuses. And that is why it is important to not hoard information within silos, and rather to keep it open to all. The legendary GE head Jack Welch used an approach to invite people from eclectic backgrounds or departments for meetings as this often initiated building of great ideas. Organizations must walk the talk and execute the plans. To ensure creativity, it is essential to develop a sense of freedom and flexibility at work. The opposite inhibits creativity as there then exists a culture of fear. To conclude, organizations must openly celebrate successes with employees as this builds team bonds.

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