Innovation is synonymous with creativity, as free-flowing creativity involves a great deal of risk-taking. An innovative leader has high-risk tolerance, considering every possible outcome to make well-researched bets to do the best for the employees and the organization. A capable leader has every aspect of the organization covered in their plan, adapting a 360-degree in every decision. All the risks are taken based on employee appetites for pushing their limits and experimenting beyond the usual areas of interest.
Technology orientation among several industries is advancing rapidly. With the introduction of the metaverse and web 3, companies have a surge of technical experts and employees. It is necessary to have the required domain expertise to communicate effectively with the team, radiate a unified vision, and gel the organization into an effective group. With sound knowledge of the processes, Leaders can head the company towards a better future.
Innovative leaders go a step further, having an in-depth understanding of all company departments. Only with the knowledge of the existing process can leaders think of new ideas and innovations. Most of the disruptive changes in the technological world are brought about when a small problem is identified and fixed. Most of these minor problems are hard to spot for general employees. It requires attention to small detail in the eyes of a leader to identify these minor problems and, more importantly, work on them in favor of the company. The ability to notice things that may have gone unaccounted for will help innovative leaders make accurate assessments and determine the best solution to a problem.
A recent trend has seen that maximum innovative leaders have one trait in common- confidence in their team. Once the leader has gained confidence in the team, a free hand is given to the employees to experiment and try out new ideas. A leader asserts confidence in the team so that the team feels encouraged to take risks, go away from the track and come out with distinguished results. This confidence may not pay out every time but will pave the way for trust-building, and the few jackpots will make it up for failed attempts. A confident leader, employees, and teams are the pillars of an innovative environment.
A good result requires good efforts. Leaders are spending more and more on R&D departments so that the best facilities are provided to researchers to make innovative inventions and ground-breaking processes. An innovative leader knows the value of an advanced R&D department as much as an innovative employee and pushes the boundaries in the company's best interests. With the support of his staff and machinery, a leader can create the best innovative products and services.
Thus, Insights Success embarked on a voyage to find such leaders in this edition of "The 10 Most Innovative Business Leaders to Follow in 2022." While flipping through pages, have a quick rundown of the articles written by our in-house editorial team.