Linda Hill Leadership

Wikipedia simple definition of innovation is "to renew or change.” The Shorter Oxford Dictionary (cited in Hayes, 2002) defines change as the “substitution or succession of one thing in place of another.” Von Stamm (2008, p. 1) posits that “creativity and innovation are [often] used interchangeably.” Von Stamm (2008 p. 2) goes on further to say that “creativity is an essential part of innovation.” Innovation has been described by Boak citing West et al (2003, p17) as “the introduction of new and improved ways of doing things at work” and the process of “applying ideas, processes, products, or procedures, which are new to the people and places where you are introducing them (Boak 2010). Adair (2007, p. x) ups the ante when he states that “innovation calls for a special form of creativity.” Adair (2009, p. 17) states “to innovate means . . . to bring in or introduce something new.” Adair (2007, p .x) points out that innovation is the key to winning and keeping leadership in world markets.” Von Stamm (2008, p. xi) posits “innovation, creativity and design are . . . amongst the most frequently used words in business

Innovation is significantly more than simple plan thinking workshops. Indeed, innovation is a demanding undertaking. For the accomplishment of an organization it requires repeatable and thorough arrangement of development. Inventiveness and thoughts are fundamental elements of innovation. The seeds of innovation are given by people, however innovation is a collaboration that transforms thoughts into reality and conveys unmistakable results. (Elliott, 2014)

Alongside the entrepreneur spirit, Innovation is the process of taking new ideas and implementing them into the market. Key word being “new”, an innovation can be sometimes viewed as the application to better solutions that meet new demand-requirements, inarticulated needs or existing market needs. Innovative ideas range from: goods, services, products, processes, services, technologies or ideas that create value for which customers will pay for. For an idea to be an innovation, it must be replicable at an economical cost and must satisfy a specific need. This means is that one must be ready and willing put their new idea to the test. On the other hand, there is recognition that “innovation is also critical to cultural, environmental, social, and artistic progress as well” (Bullinger, 2006). With this stated, high-tech innovation is ultimately the reason why we can be thankful for the many new conveniences of the 21st century. Although we might see the forefront of innovation being very prominent in today’s world, innovation is truly nothing new. From the start of modern man times, innovative ideas have paved the way for civilization to advance and develop into what we are today and at the same time, we have barely begin to chip away at the tip of the iceberg of our true human potential. Some scholars believe that innovation is a

I would define innovation as the ability to apply this creative thinking to an existing product, solution or approach that improves the outcome of a solution to a problem or usefulness of a product. Innovation is the ability to put creative thoughts to use in a way that is beneficial to a person, product, object, problem or situation. .

Innovation is an idea that must be cost-effective and must gratify a precise need. Innovation includes careful application of information, imagination and creativity in stemming greater or different values from resources, and includes all processes by which new ideas are generated such as brainstorming and converted into useful products.

Creativity and innovation are necessary in life, whether it is for evolving and adapting to new surroundings or for pulling a company out of a financial crisis, we use our creative abilities and innovate every day. In order to develop and grow the ability to think creatively, one must first understand where these ideas come from and in what environment innovation flourishes. Steven Johnson, Edward Burger, and Michael Starbird suggest change comes from productive thinking and working collaboratively in a group. Effective thinking can be broken down into five essential elements, while working collaboratively in a group setting allows for different views on the topic at hand creating a stronger more defined product or process.

Innovation is the actual use of nontrivial change and improvement in a process, product or system that is novel to the institution developing the change.

Innovation is normally used to denote the process that takes place when a product or a process is developed, from idea to market; the concept of invention only denotes the process that takes place when new ideas or solutions are generated. Baumol (2002) argues “is it possible to have lots of inventions and still lack innovations. Nevertheless, inventions are a necessary precondition for innovation”.

Innovation is a term that is so widely used and thought of as simple inventions, but it is truly so much more. Innovation is a complex thought process of new ideas that can be implemented for the betterment of many. Change and adaption within any environment is the foundation of innovation and identifying its sources make it easier to implement innovation. The easier it is to foster an innovative environment and inject innovation; a positive impact on a business is instantly seen

Innovation refers to finding new ways to improve the existing products, services, processes, technologies, and employee performance in an organizational setup. In today's competitive business environment, organizations have to focus on bringing innovation in each and every aspect of their business operations; like products or service offerings, enterprise resource planning systems, marketing and promotional efforts, and organizational structure. The market challenges and competitive pressures also force organizations to use a blend of all these innovation processes in their business activities. Therefore, it is vital to give an equal focus on product innovation, process innovation, marketing innovation, and organizational innovation within the limited organizational resources and capabilities.

Innovation is not a single activity; it is a process. For businesses, innovation means fresh ideas, developing new products or services and its effective processes. Innovation can be key to any business or company in the future. Bringing innovation into your business can help you save time and money and gives you the competitive advantage needed to grow your business.

This case study is an analysis of leadership as exhibited by Rebecca S. Halstead. The article published at Harvard Business School by Boris Groysberg and Deborah Bell details the traits, motivations and leadership style that Halstead exemplified. Through the analysis of this article I hope to not only document the achievements of Rebecca Halstead but also document and assimilate the leadership lessons imparted by her. An important observation I have made from the progress of time I this course is that study of leadership is synonymous with studying great leaders. The study of science involves experiments & making observations based on results. However, leadership is not an absolute science, there are various approaches. Every leader has a different style & combination of traits. Aspiring leaders & scholars of leadership must find their individual combination to succeed.

Tidd et al (2000) states, “the innovation is a business process of revolving opportunity into new ideas and of putting these into widely used practice. In term of the nature, there are five major types of innovations: novelty, competence shifting, complexity, robust design and continuous improvement. While in term of the extent of change, innovations can be divided into incremental, radical and

Amabile, T. M. & Khaire, M. 2008, “Creativity and the role of the leader”, Harvard business review, vol. 86, no. 10, pp. 100.

The word ‘innovation’ is derived from Latin word ‘innovare’, which means “to change something to new”. In other words, we may say that ‘innovation’ means changing the regular way of doing things and involves doing the regular things in a novel way.