Saturday, October 29, 2022


 Innovative leadership is far-sighted, influential and interdisciplinary.

Leadership is about the future and direction. It is the ability to influence the values, mindsets, decisions, and actions undertaken by others. Leadership in the coming decade will need to be more innovative and distributed -the opposite of the command-and-control that has dominated the twentieth century.

 From top down, a leader with a far-sighted vision can change the course of the business by seeing beyond what all others see or by charting new revenue or growth through the creation of innovative products, services, business models or market. You have to adjust the assumptions, overcome the roadblocks in order to inspire creativity and catalyze innovation.

Share the far-sighted vision, represent the overall quality of leadership, make a sound judgment, empower changes, and inspire innovation: Leadership vision is to be a guiding light and show the direction to find hot spots for innovating, share their perception of future trends of business such as innovation or globalization. Forethoughtful leaders provide insight into where an organization needs to go, take their organization through the necessary steps to achieve that vision from a coordinated innovation effort.

The problem is that many organizations do not set the right conditions for the innovation strategy to occur within, something along the lines of the right people with the right mindset in the right roles doing the right work with the right interdependence. From a broadly strategic perspective, "cision" and "innovation," are complementary skills. Vision is a destination and innovation is the better process, tools, cultures, etc, to get you there, solve problems alternatively.

Altitude inspires leaders to be far-sighted, focus on the big picture and long term innovation perspective:
Environment either encourages or discourages innovation, the ease or difficulties inherent in surviving. Innovation, especially breakthrough innovation has high risk in it because it’s new to the world; often you have to break down the old ways to do things, take risks to do things you never did befores. The flashes of inspiration we now see in retrospect as groundbreaking innovations were driven by leaders not only far-sighted but determined to make their ideas succeed.

Innovation has a low success rate; you have to overcome different barriers courageously and manage innovation in the right way. Differentiation between incremental and breakthrough innovation relates to the degree to which a particular innovation changes the competitive landscape, potentially making entire industries obsolete. Innovation leadership needs to be far-sighted, strike the right balance of incremental innovation for quick wins and radical innovation for transformation. The size and mix of the innovation initiative portfolio depend on the business situation, leadership foresight, strategic objectives and severity of external challenges/changes.

Be farsighted, see further, but be practical by taking the step-wise approach to innovation management: In high mature organizations, innovation strategy is an integral component of business strategy. Innovation implementation is an integral part of strategy execution. Organizations have limited talent and resources; it’s important to set the right priority by selecting the ideas which can have a better opportunity to implement and maximize business value; develop different innovation approaches, scopes, and practices.

An effective innovation strategy based on a farsighted vision enables companies to leverage their various environments and ecosystems to capture growth opportunities and unlock their performance. Innovation implementation is more science than art. To avoid being disrupted by taking too many risks, business leaders should be farsighted and cautiously optimistic, weave together defined strategic initiatives, set up a prioritization process to remove inefficiency, and change things which really matter for the long-term prosperity of the business.

Since innovation is fundamentally about challenging common beliefs, breaking old ways to do things, having more assumptions uncovered will lead to greater innovation. Innovative leadership is far-sighted, influential and interdisciplinary. Innovative leaders value collective wisdom, harnesses cross-functional collaboration, which helps you actually understand the problem from different angles in order to solve it in a better way and lead transformative change smoothly.


Post a Comment