Innovative companies adapt to the disruptive forces of the technological advancement which seem to make the pace of change light-speed. New business models and customer interactions through social media, new market entrants from emerging markets and start-ups disrupt the existing status quo of each industry. Such is the nature of revolution.
How to stay energetic as a leader of innovation?
Being a leader is challenging in itself, especially within the brisk and brittle world of our current economy. Even more challenging is the task of being a leader of innovation in a start-up or with a corporate team. Leading people through the ups and downs of innovating is a challenging rollercoaster and surely can be mastered once you understand how to keep your emotional triggers in check.
How to Drive Innovation in Your Team
Studies show that 94% of business executives are unhappy with their company’s innovation efforts.
From this, we can extrapolate that driving innovation is a crucial in-demand skill that business leaders should possess.
Especially in such a volatile era, with radical shifts in markets and circumstances, successful businesses will be those that adapt quickly in such a tumultuous environment by translating emerging needs into innovative offerings.
Case Study: How to switch into innovator’s mode for good?
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