Developing and Leveraging Innovation Talent Within Firms: Strategies to Improve Innovation Performance

The Conference Board of Canada, 85 pages, May 5, 2015
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This report identifies and analyzes effective strategies, tools, and approaches that firms can use to develop and leverage their innovation talent.

Document Highlights

This report identifies and analyzes effective strategies, tools, and approaches that firms can use to develop and leverage their innovation talent. Innovation talent refers to the innovation skills of a firm’s employees, and the policies, processes, systems, and structures of an organization that shape the extent to which individuals utilize their innovation skills. Firms play a key role in developing, activating, and supporting the innovation skills of their employees through training and development opportunities, leadership and management practices, workplace culture, rewards and recognition programs, and policies and programs that attract innovative employees. Using real-world examples and case studies of innovative businesses from Canada and abroad, the report sets out the practical tools and techniques needed to develop and support innovation capacity at the individual, team, and organization levels.

Table of Contents

Executive Summary

Chapter 1—Introduction

  • Purpose of the Report
  • Framing the Analysis
  • Firm Characteristics and Innovation Talent
  • Methodology
  • Chapter 2—Innovation Talent and the Innovation Capacity of a Firm

  • What Is Innovation Talent?
  • What Are Innovation Skills?
  • Activating Innovation Skills: Management and Workplace Culture
  • Innovation Talent and a Firm’s Innovation Capacity
  • Conclusion
  • Chapter 3—Creating Innovative Workers

  • Why Training and Development Matters
  • Investments in Training and Development
  • Effective Training and Development Initiatives
  • Conclusion
  • Chapter 4—Firm Leadership and Workplace Culture

  • Firm Management and Innovation
  • Leveraging Company Culture for Innovation
  • Setting the Stage for Success: Creating an Environment Supportive of Innovation
  • Conclusion<
  • Chapter 5—Attracting and Retaining Innovative Workers

  • Strategies for Attracting and Hiring Innovative Workers
  • Strategies for Recognizing and Retaining Innovative Workers
  • Conclusion
  • Chapter 6—Strategies to Strengthen Innovation Talent

  • The Role of Innovation Talent in Improving Innovation Performance
  • Appendix A—Bibliography

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