The objective of this study is to determine the important factors affecting Thai organizations to become an innovative organization. The information and data are studied and gathered through the literature review, interview with the top management, and questionnaire survey with high level administrators of firms registered in Stock Exchange of Thailand (SET). The results from factor analysis show that four areas should be considered; 1) open communication 2) people driven 3) management support on physical aspects and 4) accessibility use of Information supporting innovation process; however, only “people driven” emerges as a significant predictor of innovative organizations.