What Does Innovation Mean?

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When asked “what does innovation mean to me?” Initially the understanding of the term innovation meant to address a challenge or task by being creative, thinking outside of the box and being resourceful in order to overcome the challenge or complete the task. However, Gregerson (2012), describes innovation as “a new idea that creates value vs. creativity, which can bring a whole series of new ideas, which may not create much value for anyone”. One set of outcomes that was measured to justify this concept was whether an idea started a new business, whether it created a new product or service and whether it created a breakthrough process. Was the idea new and different and did it bring financial success? (Gregerson, 2012). I found this to be…show more content…
connecting the unconnected” (Gregerson, 2012). When applying these same discovery skills to a multi-disciplinary group of about 6,000 professionals, they found that anyone who engages in these Foundations of Leading Innovation 3 skills regularly could produce the same positive outcomes. The five above mentioned discovery skills are identified as the DNA of innovators. Leadership Practices and Attributes Leadership plays a very important role in the success or failure of any business, without an adequate leader in place with a specific set of leadership skills and attributes the company is at higher risk for problems and failures. Leslie’s (2009) study on the ten leadership skills and practices that are believed to be a necessity in present and future leaders within an organization, speaks to the need of adequate leadership skills that are crucial for success. Analyzing two of the ten identified leadership practices, Leading people and inspiring commitment will show how they support the leading of innovation and the creation of an innovative organization. Leading People Leaders who have good skills in directing and motivating people know how to interact with staff in ways that motivate them. They delegate to employees effectively,
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