Question

discuss the role of leadership in building innovation capability

Answer 1

The role of leadership in building innovation capability is represented in a following way -

1. Innovative Leaders Have a Vision of the Future, looking not just for immediate success but also at long-term goals.
2. Innovative Leaders Establish Trust in their employees, which will be reflected back on themselves. Employees who trust leadership are more likely to think of alternative ways to conduct their business.
3. Innovative Leaders Challenge the Status Quo, relying not on the safe and comfortable path but on their future vision to make decisions.
4. Innovative Leaders Possess Expertise in the area that requires innovation, both knowing the details of where their organization stands when it comes to technology, and displaying a professional curiosity about where it could go.
5. Innovative Leaders Set Aspirational Goals, challenging their employees to reach high rather than simply duplicating last year's performance. This quality has to go hand in hand with giving employees leeway and freedom to achieve these goals.
6. Innovative Leaders Move Quickly. In fact, the research found a clear correlation between speed of execution and degree of innovation—the 10% fastest leaders were also in the top percentile for innovation effectiveness.
7. Innovative Leaders Crave Information, recognizing that relevant facts can drive innovation. Asking good questions and listening to the responses is crucial.
8. Innovative Leaders Excel at Teamwork, putting their own self-interest to the side in the interest of collaboration and group-based value creation.
9. Innovative Leaders Value Diversity and Inclusion. Similar viewpoints lead to the danger of groupthink, whereas differing experience and opinions act as fuel for the creative process.