Innovation requires the commitment of the organization. Innovation comes from the change in the organization because pursuing innovative goals means adopting the change effectively and efficiently. There are several practices that can make the innovation smooth and effective. The main thing is that innovation should be effective and efficient. The leaders who manage the innovation and implement the innovative ways have some significant skills that make them and the organization successful in running the business (Kim & Min, 2015).
These skills involve risk management, and managing risk is not easy to handle for everyone, which is why leaders are chosen people. Risk involves trying new ways and taking initiative, which is different from old ways. Every risk contains equal success and loss, but predicting the possible outcome, which should be accurate, is an effective approach. New ideas come from practices that have been conducted in the organization, and those practices should be replaced by new ones so that they can help the organization secure its position in the market and survive accordingly. As in assessment one, Starbucks is an example of initiating, and they provided innovative ways by offering products and services. The other best practice for innovation is to demonstrate curiosity. Leaders always look for something new and always strive to learn more. There are always things that lie beyond, and only the best practice of innovation lets the leader go beyond those limits. This practice needs consistent evaluation of current knowledge so that the gap can be found out (Donate & de Pablo, 2015).
Along with these practices, the organization needs to have strategic implementation and good leaders, which are core to innovation. The best practices of leadership also help in innovation, such as transformational and transactional leadership, which involves the employees, values them and supports them with benefits. The skills of leaders can be from discovery skills practice where organization made association and networking which help in striving the innovation opportunities.
Models Of Innovation:
When it comes to innovation, every organization must emphasize innovation, which leads to continued growth. In the long term, every organization seeks best practices according to the current market situation. A reasonable return to stakeholders and consistency in return should be the priority, and this can only achieved through continuous innovation. Selecting the right innovation model is the core to the success of any organization working to strive for best practices. An effective innovation model involves the best conceptual framework and provides the mindset of innovation from leaders to all team members. It will provide the skill to identify new sources of knowledge for innovation. Helps in continuous growth and saves the resources of the organization. The best model also possesses sustainability and competitive practices that enable growth in the long term (Spieth, Schneckenberg & Ricart, 2014).
Design Thinking Or The Change Model You Chose To Consider In Assessment 4:
Design thinking is considered to be the most effective approach to pursuing innovation. This approach uses human-centric ways by brainstorming methods, which give ideas, and those ideas turn into prototypes for observing and testing those methods. There are five stages, which are the most significant ways of empowering leaders to use the Design thinking method so that problems can be solved efficiently and promote innovation. Not necessarily the design thinking is only used for organizations but also the countries that use this approach for developing policies and implementing effective ideas. Design thinking helps in the success of innovative ideas and consists of all the practices that can help from the idea to the execution process. The quiz regarding the leadership style of innovator and executor suggests that both skills should be possessed by the leader so that they can be used when needed. The cultural change can be secured by the involvement of individuals. Providing respect to employee diversity has always helped in the motivation and involvement of the employee, and once the involvement is achieved, the culture can be changed through the confidence of the employees. It will help and guide the leader to initiate and implement the innovation related to the relevant organization.
References
Donate, M. J., & de Pablo, J. D. S. (2015). The role of knowledge-oriented leadership in knowledge management practices and innovation. Journal of Business Research, 68(2), 360-370.
Spieth, P., Schneckenberg, D., & Ricart, J. E. (2014). Business model innovation–state of the art and future challenges for the field. R&d Management, 44(3), 237-247.
Kim, S. K., & Min, S. (2015). Business model innovation performance: When does adding a new business model benefit an incumbent?. Strategic Entrepreneurship Journal, 9(1), 34-57.
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