Less than half (48 percent) of Singaporeans encourage behaviours that challenge the status quo, according to a research released by AchieveGlobal, a global provider of corporate soft-skills training.
Findings of the study are based on a survey of more than 150 professionals in Singapore and indicate that the nation's quest for innovation is being stifled by a lack of engagement in innovation-support activities from its business community.
About half of companies (46 percent) in Singapore seldom or never undertake activities that support an innovative environment and just 42 percent hold employees accountable for innovation.
Only 34 percent of respondents believe their company is innovative.
"There is no silver bullet when it comes to innovation but companies headquartered in Singapore can certainly benefit from better engaging their customers, holding their leadership teams more accountable for results and improving employee communication," said Roy Magee, regional vice-president, AchieveGlobal Asia.
"Such activities are known to enhance the potential for innovation, so it is critical they are embraced."
Apparently, size matters when it comes to innovation as 42 percent of employees in large organisations with more than 10,000 staff said their company is highly innovative.
Only 18 percent of employees in small organisations (501 to 1,000 staff) find their firm to be innovative.
About 46 percent of junior level employees and 40 percent of VP/C-level executives (vice president/ highest level executives are usually called C-level) believe their company is very or exceptionally innovative.
"It is encouraging to see that senior management in Singapore is confident their company is innovative. However, it is worrying that this sentiment is not shared throughout organisational levels," said Magee. "This demonstrates a clear breakdown in communication and approach, which must be rectified."
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