Enablers and Barriers to Business Innovation at WestPac Australia

Running head: BUSINESS INNOVATION
BUSINESS INNOVATION
Name of Student
Name of University
Author Note

BUSINESS INNOVATION2
Table of Contents
Introduction..........................................................................................................................3
Literature Study...................................................................................................................3
Methodology........................................................................................................................5
Discussion............................................................................................................................6
Findings...............................................................................................................................7
Recommendations and conclusion......................................................................................8
Recommendations for future research.................................................................................8
References............................................................................................................................9

BUSINESS INNOVATION3
Introduction
Innovation enablers refer to all those factors that enable an organization towards
changing easily such that innovative practices can be carried out. There are several factors that
act as enablers such as the organizational culture, climate, collaboration among the employees
and others. There are also certain factors that act as barriers to carrying out any innovative
change in the organization such as the fear of change or the blocked mindedness of the
employees and others. The company chosen for the purpose of this study is WestPac Australia
that is basically dealing in providing banking and financial services to its customers with a vision
of helping the communities and customers in achieving prosperity and growth by providing
financial services (Westpac.com.au 2019). The main aim of the paper is to discuss about the
enablers and barriers to communication for the chosen company and make recommendations
related to the same.
Literature Study
The concept of the six building blocks of innovative culture has to be understood in order
to understand the enablers of innovation. According to the theory there are six main factors that
determine the innovativeness of the company and is related to the company culture.