Question

In: Economics

Contrast the values of leadership and followership for innovation. Choose a unique industry and describe two...

Contrast the values of leadership and followership for innovation. Choose a unique industry and describe two dynamic examples for innovation.

Solutions

Expert Solution

answer :

There are values, and downfalls in being both the leadership and followership for innovation. As defined in ourreading leadership in innovation is when “firms aim at being first to market, based on technological leadership”Tidd, J., Bessant, J. (2013). Whereas the definition of followership is “where firms aim at being late to market, basedon imitating (learning) from the experience of technological leaders” (Tidd, J., Bessant, J. (2013).

Firms who leadership innovators typically have a strong company mission, strategy and organization that pridesitself on innovation through creativity as well as risk taking.

A company that comes to mind when I think of this is Google. This organization empowers its employees toinnovate new ideas through different programs they have. Google Cafes allow for employees to foster ideas throughcreative workspace and cross working teams to discuss new ideas, challenges and products.


Related Solutions

Describe leadership and followership methods to motivates towards accomplishing a health informatics vision. What are the...
Describe leadership and followership methods to motivates towards accomplishing a health informatics vision. What are the specific health informatics vision statement?
After identifying one's leadership values (Accountability, Caring, Compassion, Collaboration, Compassion, Collaboration, Proactivity, Innovation, Loyalty, Relationships, Reliability,...
After identifying one's leadership values (Accountability, Caring, Compassion, Collaboration, Compassion, Collaboration, Proactivity, Innovation, Loyalty, Relationships, Reliability, Teamwork). Explain how identifying these values affect one's leadership brand that produces the right result as a leader, develops strong connections with others, and inhibits negative impacts from derailing one's relationships?
Describe the leadership values and ethical responsibility you find to be essential in a healthcare leader?...
Describe the leadership values and ethical responsibility you find to be essential in a healthcare leader? Explain why those traits are essential? What ethical values would drive your leadership as a first-line supervisor at Anywhere Medical Clinic? Why?
Compare and contrast the characteristics/behaviors/competencies observed in two leadership models (for example, Lewin’s leadership style). Which...
Compare and contrast the characteristics/behaviors/competencies observed in two leadership models (for example, Lewin’s leadership style). Which model would be most effective for adaptation to a climate for EBP? Explain why.
1) Describe how leadership can achieve employee commitment when developing an organization’s vision that fosters innovation?...
1) Describe how leadership can achieve employee commitment when developing an organization’s vision that fosters innovation? 2) What kind of metaphors can leaders use to drive innovation in an organization? Site some examples! Two Scholarly References required.
Pick one monopolistically competitive industry and one oligopolistic industry. Compare and contrast the two industries with...
Pick one monopolistically competitive industry and one oligopolistic industry. Compare and contrast the two industries with respect to the key attributes of market structure. Remember that the lines between market structures can be a bit blurry so not everyone is likely to agree.
Which of the following profiles would best describe an industry having a Mixture of Cost Leadership...
Which of the following profiles would best describe an industry having a Mixture of Cost Leadership and Product Differentiationstrategies as being optimal because firms in the industry have pricing power? Assume all factors are equally important. (Palepu) a. Low Industry Concentration, Low Distribution Access for new entrants, High Switching Costs for Customers of firms in the industry to find new suppliers b. Low Industry Concentration, High Fixed-Variable Cost Ratio, Low product differentiation c. Few Exit Barriers, High First Mover Advantage,...
choose an industry and two organizations that compete within that industry (e.g. Scotiabank vs. TD Canada...
choose an industry and two organizations that compete within that industry (e.g. Scotiabank vs. TD Canada Trust, Walmart vs. Costco, Adidas vs. Nike, Coke vs Pepsi). Using publicly available information (and not contacting the companies), students will prepare a report comparing both organizations and their position with the industry. The report will also include an internal and external analysis (SWOT) of each organization and recommendations for the future. and two strong and weak ratios of both companies
Compare and contrast any two leadership theories and apply to group development. Be sure to discuss...
Compare and contrast any two leadership theories and apply to group development. Be sure to discuss the utility and limitations of each theory. Where in your own experience do you see these approaches to leadership utilized? To what extent do you see these two theories as being appropriate for your own leadership philosophy?
Describe the fundamental principles of servant leadership. Present two qualities of servant leadership and explain how...
Describe the fundamental principles of servant leadership. Present two qualities of servant leadership and explain how they support interprofwssional communication in providinf patient care. please include citations and references used
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT