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Exploratory and value-added innovation require different leadership styles and behaviors to succeed. [14] Value-added innovation (PwC, 2010) involves refining and revising an existing product or service and typically requires minimal risk taking (compared to exploratory innovation, which often involves taking a large risk); in this case, it is most appropriate for a leader for innovation to ...
The term creative leadership is commonly used in organizational studies and was first referenced in 1957. [3] In recent years, there has been a significant increase in research surrounding creative and innovation leadership [4] and the term has also been used increasingly among practitioners [5] and in the public sphere. [6]
From this, it can be seen that a transactional leader is negatively affected when the emotional level is high and positively affected when the emotional level is low. Transactional leadership presents a form of strategic leadership that is important for the organization's development. Transactional leadership is essential for team innovation.
By utilizing innovation management tools, management can trigger and deploy the creative capabilities of the work force for the continuous development of an organization. [3] Common tools include brainstorming , prototyping , product lifecycle management , ideation , TRIZ , Phase–gate model , project management , product line planning and ...
Entrepreneurial leadership is (as per Roebuck's definition) "organizing a group of people to achieve a common goal using proactive entrepreneurial behavior by optimising risk, innovating to take advantage of opportunities, taking personal responsibility and managing change within a dynamic environment for the benefit of [an] organisation".
Leadership development can build on the development of individuals (including followers) to become leaders. It also needs to focus on the interpersonal linkages in the team. Following the credo of people as an organization's most valuable resource , some organizations address the development of these resources (including leadership).
According to Fiedler, there is no ideal leader. Both task-oriented and relationship-oriented leaders can be effective if their leadership orientation fits the situation. When there is a good leader-member relation, a highly structured task, and high leader position power, the situation is considered a "favorable situation".
Leader development is described as one aspect of the broader process of leadership development (McCauley et al., 2010). Leadership development is defined as the expansion of a group's capacity to produce direction, alignment, and commitment (McCauley et al.), in contrast to leader development which is the expansion of a one's ability to be effective in leadership roles and processes.