Visionary companies do not only try to see into the future – they create the future. The history of innovation is scattered with examples of misjudgments regarding the dynamics of new technology. Less than two years before Polaroid’s bankruptcy, Morgan Stanley made the following statement: “We are upgrading Polaroid to Outperform from Neutral based on the company’s new product performance…
Truly innovative companies do not aim to be innovative. Rather they relentlessly strive to follow a unique strategy, says Jeffrey Baumgartner.
A recent article in the journal Academy of Management Perspectives provides insight into senior leadership traits that are necessary to inspire the people in a business and support a creativity and growth-oriented culture, key ingredients for expanding a firm's innovation capabilities.
According to leadership author Seth Kahan, navigating uncharted waters which often gives rise to anxiety and uncertainty. Visionary leaders learn to work with that energy and transform it inside themselves into creative progress.
If you're a manager who wants to lead creativity effectively, there is hope and support available. You could be remembered as fondly as Herb Brooks is remembered by the 1980 U.S. Olympic hockey team. He's the guy who helped them achieve a miracle.