Hello Dhanashree,
Further to what Dinesh Divekar has mentioned, let's look @ the situation from a different perspective.
Firstly, pl elaborate on YOUR role/designation. Are you in HR?
Next, w.r.t. your remark "He is giving reason all the time i.e. funds problem, we will think and afterwords no initiatives after reminders", looks like there surely has been a very BIG communication gap between your Management & the Employees.
By what you mentioned, I get the impression that the employees are mixing-up 'ideas' & 'wishes/likes'--the later most often would involve money.
Pl note that NOT ALL creative suggestions involve money--in fact a very major chunk of ideas in an Organizational setup DON'T need money to be implemented.
Let's take a particular activity that you are right now doing by following a particular process. Can't you think of ways to do the same task DIFFERENTLY with less time OR money OR effort? I am sure you can--now don't say that the existing processes are good & perfect--like the Quote by Shakespeare goes: "Nothing is perfect however perfect it is". There's always room for improvement.
Why not try this & give your feedback to the Management for a change & see the difference in response from your MD? Forget about other employees for now--let the First step come from you & see the response. The others are sure to follow you.
Since you haven't mentioned your function or role, it's tough to guide you more focusedly. But Dinesh Divekar has mentioned quite a few areas where ideas can get generated by the line employees--NOT the Management.
In a way, your MD has thrown you guys a challenge--to grab it OR crib is YOUR choice. And also, pl note that the process adopted by your MD also ENSURES YOU GET THE CREDIT once your idea is accepted & implemented......pl don't take this angle lightly. Corporate world is full of instances where the boss gets/takes the credit for any good idea [and the junior gets the flak for whatever goes wrong]. So, YOUR interest is automatically protected.
@ Jagat Kumar--
I feel impelled to mention a few aspects vis-a-vis your comment "creativity is a voluntary process and happens only when the employee satisfied with his / her physiological needs and desire for self actualization skills which is creativity"--I am afraid I don't agree with you.
Surely 'creativity' is a voluntary process--but psychologically, it comes-out NOT when the individual's [I don't think it's limited to 'employees' alone] needs are satisfied BUT when the individual FEELS INVOLVED in the situation. When the individual has a 'SENSE OF BELONGING' to any entity--be it Organization, Group, Family, etc--creative ideas flow without being asked for. Quite often, the most creative ideas emanate when the chips are down--NOT when everyone's stomach is full.
The Best example of this is the creativity [or the lack of it] of Govt/PSU employees. Hope you get the point.
Rgds,
TS