Innovation & Leadership

Innovation & Leadership
Innovation heads

In August 2011, According to Smith & Hall (2012), The New York Times described innovation as “the critical ingredient to all economic progress, higher growth for nations, more competitive products for companies, and more prosperous careers for individuals” (p.36) Several businesses and consulting firms consider innovation as one of the most important priorities for an organization. Creativity is the process of developing good ideas that can be put into action, whereas innovation utilizes the part of creativity to come up with new ideas and products (Dubrin, 2011, p. 98). Also, innovation in an organization can provide revenue and create an advantage over its competitors. Therefore, Innovation productivity is essential for organization to thrive in today’s economy because it allows companies see new opportunities and then capitalize on them. Hence, Leaders in an organization have an important role in promoting innovation among others because they are the ones that influence employees’ creativity, facilitate new ideas, and help put into action the new ideas.

Main Points

When a leader takes the necessary actions to allow their employees to come up with new ideas, think differently, experiment with creativity, and complete inventive tasks, it allows an organization to be more innovative. Several ways in which a leader can promote innovation consists of an individual leader’s value for diversity in proposals, identifying new opportunities for the accepted risk that are involved, and providing the necessary resources for their staff. In addition, leaders have a vital role in organizing the clarity and the focus aspect needed for prioritization. Also, successful innovative leaders are effective in facilitating the structure and accountability that ensures innovative tasks are met (Smith & Hall, 2012, p. 39). In essence, the leaders are the ones who ensure that the innovation process is a success. For instance, a solution or idea that has not moved beyond the idea stage is a lost opportunity because it does not benefit the company at all (Smith & Hall, 2012, p. 39).

Conclusion
In conclusion, innovation is a top priority for a business to succeed in today’s market. Innovation not only comes up with new ideas, but it allows companies to capitalize on new opportunities and have an advantage over their competitors. In essence, for a company to maintain its completive edge; it takes a leader who has encompasses a creative influence with their staff, is good at facilitating the innovation process, and one who can recognize and utilize the new ideas created by the staff, and then make those ideas into a reality.

References
Dubrin, A. J. (2011). Fundamentals of Organizational Behavoir. Mason: Cengage Learning.
Smith, A., & Hall, E. (2012). Innovation-Driven Leadership. T+D , 66 (3), 34-39.

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Technological Leaders

Technological Leaders
Steve Jobs
From the 1970’ until today, the technology industry has become one of the main industries in the world. For instance, since the 1970’s, the world has been introduced to several technological breakthroughs, such as the internet, GPS, and the I-phone. These technology advancements have produced billions of dollars for companies such as Google’s search engine, Facebook’s social network, and Apple’s I-phones and I-pads.

Main Idea & Interesting Points

From experience, the former CTO of Cigna, Stephen Andriole claims that running a corporation with a technological strategy is always late, expensive, and not fully competent (Andriole, 2007, p. 68). The reason he started using business strategies is because the company’s environment was geared towards business, not technology. Therefore, technological business leaders still need to utilize the well-known business structures and methods instead of Informational technology methods.

According to Andriole (2007), “Highly effective business technology leaders develop, package, and sell business scenarios. They work with the business to profile “as is” and-especially-“business models and processes” (p.68). By doing so, business leaders track the technology trends that affects the company itself. They focus on the distinction between operational and strategic technology, technological concepts, and prototypes. In essence, the leaders are aware of the circumstances affecting their industry and the company’s environment. Business technology leaders identify and prioritize business pain, approaches to pain relief, and the creation of business pleasures. The article refers to business pain as being cost control, pain relief as being business response and control, and business pleasure as being revenue generation and profit.

Also, there are several functions of organizational leadership, such as the relationship between the chief information officer, chief executive officer, and the chief financial officer. For instance, since chief informational officers are usually the innovative leaders of the company, they should report their technological ideas to the CEO instead of the CFO. The reason being is that the CFOs main job is to keep cost down. Therefore, I believe it would be best if the CIO would report their business innovations to the CEO, and then the CEO acquire financial information from the CFO to see if the innovative project is financially feasible. Ultimately, the final decision is made by the chief executive officer since he is the one that controls the overall processes of the company.

Conclusion
Clearly, the technological industry has become a billion dollar industry in the world today. However, despite the technological advancements, the company still needs to emphasize the importance of familiar business models and procedures. Even though a technological company is one entity, it needs to let the technological innovators be the creative branch and the business gurus continue business strategies.

References
Andriole, S. (2007). The 7 Habits of Highly Effective Technology Leaders. Communications of the ACM , 50 (3), 67-72.