What are some of the best ways to incentivize innovation?

Top Answer : I've found that a little "friendly" competition has always helped here. Informing your team and/or company of how your competitors are staying ahead of the curb and how incumbents are building to overtake the industry (aka staying abreast of what's happening in the industry you're in) serves to light a fire within your organization and encourage an eye towards innovation.

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Black USB Stick
IT, Software
I've found that a little "friendly" competition has always helped here. Informing your team and/or company of how your competitors are staying ahead of the curb and how incumbents are building to overtake the industry (aka staying abreast of what's happening in the industry you're in) serves to light a fire within your organization and encourage an eye towards innovation.
1 upvotes
Green Cloud
IT, Software
Engineers are natural problem solvers, sometimes just dropping a really difficult problem to the group in enough, each individual person wants to be the "first" to come up with a solution. Often its not the first idea or solution which gets you there, but its the start to something much bigger, a solution or a better way forward. 
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Blue Charger
IT, Finance, Banking & Insurance
Creating an environment where individual contributors are given the freedom to explore new ways of solving problems they are experiencing via existing solutions or by creating their own.   By not being beholden to the status quo, and a demonstrating willingness to absorb some failures, an organization can begin to cultivate this individual contributor DNA necessarily to foster an innovative environment.
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