What is Innovation?
Innovation is developing new ideas that lead to the creation of new products, processes, or services. Innovation is using out-of-the-box thinking to drive change.
Surveys tell us that over 85% of businesses believe that innovation is a priority for them. Innovation can mean creating and implementing new ideas, developing new products or improving existing products and services.
Innovation also known as change means to alter or to be different. Change is not a new leadership concept. Change is the only thing that is really constant in business. Without change, improvement and progress would not happen.
Change can be either planned or unplanned. Planned change is a process that involves strategic planning to reach goals and objectives. Unplanned change happens suddenly as a result of specific circumstances.
Change can be driven by internal or external forces. Internal forces are factors within the organization such as culture, values, policies, processes. External forces are factors that come from outside of the organization such as economic factors, competition, and consumer needs.
Innovative leadership is having a shared vision for innovation; open idea exchange, rewards, and recognition that encourages an active flow of ideas. Innovative leadership is actively removing organizational barriers to innovation. No criticism of new ideas, freedom to move beyond traditional methods, and constant communication.
An innovative approach to leadership means to bring new thinking and different actions to how you lead. How can you be agile in the absence of information or standard policies? How can you think differently about your leadership style and the future challenges you and your employees face?
Innovative leadership involves creating an organizational climate where employees apply innovative thinking to solve problems and develop new products and services. How can you help others to think differently and work in new ways to face challenges? How can you keep your organization alive and a step ahead of the competition?
Four Steps to Help Drive Innovation
1. Set the example.
2. Communicate constantly.
3. Implement innovation-friendly policies.
4. Do not hide from failure.
The use of innovative leadership and the creative thinking that supports change - is the key to finding what's better, what's new, and what's next.