vijay-govindarajan_thumb25255B1225255D

6 Leadership Behaviors Drive Continuous Innovation

6 Leadership Behaviors Drive Continuous Innovation

Every entrepreneur and business executive knows that continuous innovation is required to survive, but most struggle with this more than any other challenge they face. They know they need to act proactively, but still are often blindsided by a new competitor coming out of the blue with a future they never imagined.

Innovation driven by the next crisis is not leadership.
I just finished a new book, “ The Three-Box Solution: A Strategy for Leading Innovation ,” by Vijay Govindarajan, one of the world’s leading experts on strategy and innovation. He succinctly outlines the key behaviors that I believe every business leader must focus on, to drive innovation without waiting for the next competitive crisis:
Avoid the assumption that current gifts will keep on giving. This is a trap of the past to be avoided at all costs. The best leaders selectively forget the past, and are constantly on the lookout for the future’s raw material of new ideas. They overtly set out to create the future as a mission distinctly separate from their performance engine of today.

Read Also:
The land grab for farm data

Be alert to “weak signals” of non-linear shifts and trends. To do this, leaders must eliminate the noise of obsolete ideas and activities, by creating protective structures, including dedicated teams focused on innovation. They need to regularly listen to a few mavericks and outsiders who routinely generate nonlinear ideas and trends.

Create the future as a day-to-day business process. The future needs to be treated as today by a team and a process that is insulated from interference, but empowered to draw on necessary performance engine resources. The trick is not to sweep everything aside, but to balance relevant aspects of now while making room for what is new.

Sponsor experiments and measure like new investments. Experiments on today’s revenue engine necessarily focus on short-term financial goals.



Chief Analytics Officer Spring 2017

2
May
2017
Chief Analytics Officer Spring 2017

15% off with code MP15

Read Also:
5 Reasons Startups Need Revenue As Well As Users
Read Also:
5 Tips For Enterprises To Innovate Like Startups

Big Data and Analytics for Healthcare Philadelphia

17
May
2017
Big Data and Analytics for Healthcare Philadelphia

$200 off with code DATA200

Read Also:
Federal policy for self-driving cars pushes data sharing

SMX London

23
May
2017
SMX London

10% off with code 7WDATASMX

Read Also:
The land grab for farm data

Data Science Congress 2017

5
Jun
2017
Data Science Congress 2017

20% off with code 7wdata_DSC2017

Read Also:
5 Tips For Enterprises To Innovate Like Startups

AI Paris

6
Jun
2017
AI Paris

20% off with code AIP17-7WDATA-20

Read Also:
The land grab for farm data

Leave a Reply

Your email address will not be published. Required fields are marked *