A leader’s role in innovation
Covered in Leadership
- How do leaders allow for innovation?
- How is leadership uniquely suited to create a more innovative environment?
- How much are innovation leaders paid?
- How are innovation programs governed?
“Our research implies that most senior executives do not actively encourage and model innovative behavior. If they did, they could give employees the support needed to innovate. They can also take a number of other practical stops to advance innovation.”
“The lesson: if you’re not making room for the unexpected meeting of the minds, you could be missing out on the next big breakthrough. Visionary leaders understand this. They set up the creative, collaborative environments that foster crossovers and the innovations that come from them.”
“Innovation teams must adapt and evolve based on new insights. Too often, rigid processes inhibit teams from changing direction, creating subteams, or swapping team members. Leaders generally have a strong voice in determining innovation structure, process, and organization.”
“That was one of the findings of the compensation survey we fielded from July 1, 2016 to Sept. 30, 2016, which analyzed the base pay and bonuses of nearly 250 executives responsible for innovation at large corporations.”
Central to LEGO’s turnaround is a new structure for strategically coordinating innovation activities, led by a cross-functional team: the Executive Innovation Governance Group.
Innovation Governance: Aligning Strategy, Ideation and Execution for Better Business Results - Sopheon, Report
“In order to have access to reliable, up-to-date data on product innovation projects, an organization must first put in place a repeatable innovation process. Figure 3 shows the business processes that generate the information required for the creation of bottom-up views of portfolios. These views enable executives to monitor the status”
Deschamps’ free series of articles on Innovation articles including “10 Best Practices of Innovation Governance”, “Imperatives for an Effective Innovation Governance System”, and “9 Different Models in Use for Innovation Governance”.
Innovation Governance: How Top Management Organizes and Mobilizes for Innovation - Deschamps & Nelson, Book
From the Introduction: “In Innovation Governance, Deschamps and Nelson scale new heights in taking the question of innovation leadership to a higher plane by focusing on the core reason for failure: lack of a well-established system for governing innovation. They challenge the reader to ask, why don’t all companies who are striving to be innovative have a well-established system of governing their efforts and clear grounds for carrying them out? Click here to read a detailed book review.
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