How to create an innovation culture
With slow productivity growth across Scotland, improving and embedding an innovation culture within firms is key to Scotland’s future prosperity.
In CBI Scotland’s Pursuing Prosperity report we highlighted the importance of Research & Development (R&D) and innovation to company growth and productivity, with companies that plan R&D investment more productive than firms that do not.
With Scotland’s share of innovation activity currently ranked 10th out of the 12 UK regions and nations1, there is much more businesses in Scotland could be doing. Finding ways to create an innovation culture within a business will vary. However, some general steps can be taken to help foster new ideas and approaches which CBI Scotland has explored in our four steps to creating an innovation culture.