Developing organizational environments that cultivate employees' interest in creativity and commitment to innovation is critical to successful competition in today's global economy. Likewise, employees are one of your most productive assets in your business. By creating an environment within your business that encourages innovative thinking and action, you'll inspire your employees to share their knowledge, experience, skills, suggestions and recommendations.

• Describe innovation and explain how it is important for managers in a company.
• Discuss any three ways how managers could create innovative culture in the company.
• The report should be between 800 words.