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Enhancing and Leveraging Potential for Innovation

In: Driving the Economy through Innovation and Entrepreneurship

Author

Listed:
  • V. Kovaichelvan

    (Anna University)

Abstract

In a highly competitive environment, developing talent with an orientation for innovation is becoming one of the key challenges for organizations. Talent management processes need considerable improvement in defining, assessing and enhancing potential of employees, and then building their capacity for innovation. Research shows that there are three factors, namely, aspiration, ability and engagement, that determine the potential of people. Ability comprises two factors, namely, innate ability and learned skills. This chapter recommends an approach to build capacity for innovation by selecting employees for innate ability and then engaging them to learn the skills.

Suggested Citation

  • V. Kovaichelvan, 2013. "Enhancing and Leveraging Potential for Innovation," Springer Books, in: Chiranjit Mukhopadhyay & K B Akhilesh & R. Srinivasan & Anjula Gurtoo & Parthasarathy Ramachandran & (ed.), Driving the Economy through Innovation and Entrepreneurship, edition 127, pages 539-550, Springer.
    • Handle: RePEc:spr:sprchp:978-81-322-0746-7_44
    DOI: 10.1007/978-81-322-0746-7_44
    as

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