In today’s world we face economic, political and social uncertainty and change. It is imperative that individuals, companies, governments and other organizations find new, creative and innovative solutions to new and difficult problems. This is why innovation is such a critical part of leadership. Steve Jobs stated, “Innovation distinguishes between a leader and a follower.” If leaders are not willing to look for innovative solutions, they may simply be left behind.
Not all leadership situations may require innovation, but leaders must at least be able to decide if innovation is necessary. Timing is an important part of leadership. The leader must assess the needs in a given situation and then act at the appropriate moment. There are several needs that must be met by a leader in regards to innovation.
1. The need for the leader who can innovate and foster innovation. Innovators often become leaders out of necessity. To take an innovation to fruition, the creator must often be the one who coordinates and leads the entire innovation process. Also, many leaders can only succeed if they can create an environment where people will create new and better ways for the company to function and produce better products. To succeed they must adopt the statement by Walt Disney, “I believe in being an innovator.”
2. The need for the organization that leads by innovation. Breaking into a new market requires innovation. Companies that can innovate become the market leaders and often can only stay at the top as long as they continue to innovate. Peter Drucker stated that, “Business has only two basic functions – marketing and innovation.” To be successful you must excel at both.
3. The need for the leader who knows when to innovate and when not to innovate. Not every situation requires a new and exciting solution. The leader must be able to recognize when a tried and true approach is appropriate, and when to introduce a new innovative idea or product.
Learning to lead innovation may be as important as the innovation itself. Without recognizing the need for proper leadership many an idea or product has simply died on the road to success. So, as you look to innovate, look to see who is going to lead the process. Finding the proper leader may just be the key to success in your innovation.