HCBE Faculty Articles

Title

Leading Innovation Change in Today's Competitive Environment

Document Type

Article

Date

2015

Publication Title

Global Journal of Management and Business Research

ISSN or ISBN

0975-5853

Volume

15

Issue

2

First Page

35

Last Page

43

Description

The purpose of this article is to explore the existing relationship between leaders and today’s competitive environment and innovation. The three strategies that leaders (as cited in Cumming, 1998) can use to create a climate that encourages innovation are (1). The foundation of creativity, (2). The application of a new idea and (3). The applicability of a successful concept. Legrand and Weiss (2011) reveal that 80% of the leaders in the organization believe that innovation is important for the organization's future success. Bill Gates, the former Chief Executive Officer (CEO) of Microsoft clearly believed and understood that innovation is important element for organizational success. Innovation is the engine for growth for all businesses in the 21 century. Innovation and creativity (as cited in Angle, 1989) shared similar characteristics. Corporate culture and a climate that encourages innovation are two factors that are often found within the leadership literature. Therefore, a leader needs to understand the applicability of the living system theory among individuals and organizations by reshaping the social progress of the business world as noted by Vancouver (1996).

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