Many IT and business leaders are keen on driving innovations that can help their organizations generate new revenue streams, increase market share or improve organizational efficiencies. But being able to do so on a continuous basis requires companies to create an environment that encourages and cultivates innovation across different levels.

Of course, this is easier said than done. According to a 2010 study conducted by Ernst & Young, while 82 percent of the 263 entrepreneurs who were surveyed believe that the ability to innovate is vital to the future growth of their organizations, nearly half of those polled say that creating innovative ideas becomes harder to achieve as their companies grow in size and complexity.