Innovation is important– no matter what industry you’re in.
Some may say innovation is a buzzword, but leaders need to keep an eye out for new and exciting ways to do so that they can grow, thrive, and survive in an ever-changing business environment. After all, you can’t solve new problems with old solutions.
Leaders can’t just skip to the fun, though. They need to cultivate an innovation culture that encourages (and inspires!) everyone. To do this, leaders must understand their role, any behaviors that drive innovation, and how to sustain that kind of culture once it’s created.
Great leadership is based on examples and influence, not authority. Yes, you may be in a leadership role, but fostering an innovative culture requires rethinking your role.
The most innovative leaders shape capabilities in others. Yes, formal leaders are in positions of authority, but it isn't just about getting people to follow you to the future. It's also about getting them to co-create with you.
It takes a different kind of leadership, where leaders must behave more like teammates and less like employers if they want their teams to innovate. After all, innovation is driven by people’s ideas and energy! The best ideas come from inspiration, passion, and motivation. Think about it – do you do your best when someone tells you to do so, or because of collaboration and influence?
The best leaders know that to cultivate a culture of innovation, they must adhere to the saying, “A rising tide raises all boats.” In other words, they lift each individual by helping them unleash their unique capabilities so they can bring their own slice of talent to the team pie. Once those slices unite, the team can share ideas, collaborate, experiment, and learn together.
Building this kind of culture takes work, though! Leaders must invest their time and energy into:
Innovative cultures are known to be fun and exciting. They’re characterized as highly collaborative, non-hierarchical (working with someone, not for someone), trusting, and filled with new ideas to be excited about! Here’s the catch – they’re also hard to sustain.
The characteristics that make cultures fun are “easy-to-like.” Think about it—people often like trust and openness because they feel safe sharing their ideas. But these characteristics are only one side of the coin and must be counterbalanced with some tough love. Leaders can sustain a culture of innovation with systems and processes that allow:
Innovation impacts a company’s position. The most innovative companies stay flexible, grow constantly, and stand out from the crowd.
Consider Blockbuster and Netflix (we all know the story!). Netflix put innovation at the forefront while Blockbuster … well, they created roadblocks that busted them. Jokes aside, Netflix has plowed on ahead and constantly finds new ways to grow and adapt.
Innovation is fun, exciting, and filled with benefits, but it's easier said than done. Take time to cultivate it and watch your company reap the rewards.
Content provided by Q4intelligence
Photo by nexusplexus