It is neither the business models nor the products that are innovative, but rather the minds behind them. Hence, nurturing a culture where people are willing to generate and execute on creative ideas is an essential skill for every innovation leader.
Emotional Intelligence has long been known for being one of the main qualities of a good leader. Psychologist and journalist Daniel Goleman wrote “What Makes a Leader”, a popular article from 1998, where he lists emotional intelligence as one of the main leadership components.
Global innovation projects demand particular leadership competencies in a multicultural and networked environment. Leaders need substantial cultural and market intelligence, facilitation, and orchestration skills in order to accelerate innovation and performance around the world. Yet current leadership models are not designed for this highly challenging environment where performance is critical to international market success.
How can those at the top ensure they and their organizations are fit for the future? Perhaps the biggest challenge facing leaders today is to ensure they are capable of navigating themselves and their organizations through a complex and rapidly evolving future landscape. The reality is becoming clear, a good future focused leader has to have a “futurist mindset”.
IdeaScale has honored innovation leaders in their annual Innovation Management Awards for six years now. Award recipients have come from almost every industry with a variety of goals (from eradicating cancer to identifying new university technology best practices), but this year’s winners share a few key characteristics that all innovation leaders need to embody.
No matter what the nature of your business is, you will inevitably encounter unhappy clients. Whether this is because it’s the fault of the company or something that couldn’t have been prevented – your first priority needs to be solving the problem.
Over the years, Israel has accumulated a lot of experience with corporate open innovation. Over 350 global corporations selected Israel as their source for innovation, understanding that the rapid rate that technology changes and the fierce competition that exists, does not allow these companies to rely just on their R&D departments.
Our culture has made it pretty easy to put workaholics on a pedestal. Though almost all American employees earn time off, many fail to take advantage of the time they’ve collected.
Maintaining productivity and positivity in the workplace is an ongoing struggle for many businesses and employees. The grind of 9-to-5 life weighs on people and makes it hard to find excitement and motivation throughout the day.
As a business owner, finding the right management style will be one of the most important things you do. Your management technique should benefit your employees and most crucially, your business. Unfortunately, getting the balance right between micro-management and macro-management isn’t always easy.
In an article by the Stanford Social Innovation Review, the authors addressed a recent study from the Bridgespan Group that identified an innovation in the nonprofit sector. Although 80% of nonprofit leaders consider innovation an imperative, only 40% of those leaders consider their organization ready for innovation. SSIR went on to discuss the six characteristics that empower nonprofit innovation.
Businesses must adapt and innovate to succeed in today's marketplace. However, innovation is not a part-time undertaking. It’s the foundation for effective organizational management and taps into the creative power of staff members.
Often managers make two distinct and completely opposite sets of mistakes when they’re tasked with managing highly creative employees. By means of their leadership approach, they either don’t acknowledge the uniqueness of their creative employees or they take the recognition too far and essentially create inappropriate expectations and division within their workplace.
Creating an employee enrichment program that actually lends itself to employees who are engaged is the backbone of a successful organization. A company can have the most innovative products and services under the sun, but if they do not also have employees who are supported and able to thrive, the company as a whole will wither.
Startups are moving the business at the moment, given the fact that many successful entrepreneurs are starting their new projects within this environment, especially if they're tech related.