Want to continue to be at the forefront of your industry, trying to get to the forefront, building innovation into the company structure is a must-have.
Today’s post is by thoughtLEADERS principal Maureen Metcalf.
Change is accelerating on all fronts across all industries. Each organization will be faced with different types of change and at different rates. The commonality is that everyone is facing opportunities and strains because of the current business ecosystem. Companies are regularly facing a broad range of risks, such as cybersecurity attacks, where the question has changed from “Will we be hacked?” to “When will we be hacked?” On the positive side, robotic processes automation, machine learning/artificial intelligence and a wide range of applications are making the tight labor market more productive.
With rapid change as the backdrop for the foreseeable future, it has now become imperative for leaders to build innovation into their personal leadership “operating system” as well as into the DNA of their organizations. Innovation is imperative for long-term survival and success.
While many people associate innovation with special people who come up with creative ideas, it is more accurately nurtured by building a company that embraces innovation as part of its core DNA. The real question is what does that look like, and how do you make it happen?