Earlier this year a client in the executive search industry told me she was beginning to see the need for executives who can bring innovation to their position. Based on her research she chose to add innovation as a practice specialty. Her article summarizing findings are on my blog at http://primestrategies.com/?p=615 .
Doing a bit of my own research I learned there’s an amazing body of knowledge on the subject.
Innovation is certainly not a new business concept. Jack Welch, former GE leader, was known for introducing innovation into the corporate culture there. His mission was to create the world’s most competitive enterprise. One of the ways he did that was through innovation.
The goal of innovation is positive change, to make someone or something better; to increase value in some fashion. Today’s thinking is not just about managing change; it’s about leading change.
As the leader of your business it’s up to you to set the stage for innovation.
Research the market.
Consciously be alert for new ideas that might be applied to your business. Reading what others have done (in any industry) can often trigger your thinking. Surf the internet for innovative ideas. [Read more…]