What Really Fosters Innovation (Infographic) Innovation is more than just a buzzword, it's what sets successful businesses apart. So how do you make it happen?

By Kathleen Davis

Opinions expressed by Entrepreneur contributors are their own.

Innovate or die. That's the credo of modern business. So it doesn't come as a surprise that 61 percent of CEOs surveyed by professional services firm PriceWaterhouseCoopers say that innovation is a priority in their businesses.

However, according to data compiled by management software company Mindjet, the majority of businesses either don't have effective innovation strategies or don't effectively seek opportunities to innovate.

For a look at what's needed to foster innovation at your company, check out the infographic below.

Click to Enlarge+

What Really Fosters Innovation (Infographic)

Kathleen Davis is the former associate editor at Entrepreneur.com.

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