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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 ...
They also noted that a community of innovation (COI) may be specialized in one function like a community of practice (COP). An example is an innovation project which involves only staff from the engineering department. It is also possible for communities of innovation to be cross-functional (e.g. involving 2-3 functions).
Some examples of companies that drive breakthrough innovation include SpaceX, the leader in commercial space; Airbnb, which expanded the hospitality industry's capabilities; and Salesforce, an ...
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.
A simple way to understand community leadership is to see it as leadership in, for and by the community. Community 'is frequently based in place and so is local, although it can also represent a community of common interest, purpose or practice'. [1] Community leadership is a specific form of the general concept of leadership.
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).
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".