Professional Documents
Culture Documents
Implementing something different that adds value or yields a measurable benefit is what
innovation entails. It necessitates a wide range of abilities, typically those of a group. Actively pursuing
innovation requires considerable resources and deliberate focus. It requires innovation leadership,
support from the organizational hierarchy, and a culture that values and nurtures creativity. Innovation
leadership is a process for creating direction, alignment, and commitment needed to create and
Innovative leadership doesn’t rely on past experience or known facts. It imagines a desired
future state and how to get there. It is intuitive and open to possibility. Rather than identifying right
answers or wrong answers, the goal is to find a better way and to explore multiple possibilities.
Ambiguity is an advantage, not a problem. It allows us to ask “what if?” Innovative thinking is a crucial
addition to traditional business thinking. It allows you to bring new ideas and energy to your role as
leader and paves the way to bring more innovation into your organization.
Managers are unable to compel creativity. They must, however, take the lead and “walk the
walk.” So often, we see leaders declare, “We need innovation!” and then go on to stifle new ideas. They
also do so unwittingly due to a lack of understanding of how even minor actions can stifle or inspire
others' creativity. Integrity in supporting what leaders think the company wants to do necessitates the
extra effort of thoroughly comprehending, considering, and evaluating new ideas as well as providing
learning-oriented input. Innovative leaders must provide guidance, but by failing to engage the intrinsic
motivation, energy, and enthusiasm of those being led, the leader creates impediments to commitment.
Leaders can help with alignment by taking an active role in developing processes that allow for
successful coordination of innovation work. There is no motivation for those in the company to share in
the direction or do what they are expected to do if the leader only declares a direction (which may or
may not be shared), and there are no mechanisms in place to promote the trajectory of developments.
Although top-down innovation modeling is beneficial and important, it is just the beginning. Innovation
can't happen without the help of top management. Innovative leaders should devise a better strategy.
Rather than a “push” mentality, leveraging top management’s initiatives and working in small groups to
develop the tools, skills, and mindset is necessary to drive innovation. Then create a hunger and a “pull”
Individual innovative leaders will arise even in organizations that lack the leadership and culture
necessary for innovation to thrive. Despite a lack of support structures and a hostile society, they
embrace innovative ideas and turn them into new methods, goods, or services. Innovation leadership
needs the following essential building blocks: Toolset, Skillset, and Mindset. Toolset is collection of tools
and strategies for generating new ideas, implementing them in the organization, communicating
direction, achieving alignment, and gaining loyalty to a cause. Skillset is a framework for innovation
leaders to use their experience and skills to achieve their objectives. It necessitates more than just
resources and techniques; it necessitates method mastery, practice, and facility. Mindset is the attitudes
and behaviors that enable the tools and skills to function properly. The attitude is the creative thinker's
basic operating system, and it separates those leaders who encourage creative thinking and creativity
Nokia’s previous mobile phone business is one example where internal factors contributed to
failed innovation. Many have written about what went wrong within the company and management is
often blamed for poor decision making. Another example is Commodore International, the company
that started as a computer repair store and ended as a manufacturer that sold the best-selling computer
of all time, the Commodore 64. Despite the commodore 64 having brought many innovations, success
after that computer never followed. It has been reported that the teams lost their culture of innovation
Many of today's leadership issues are important in nature. Very pressing, and they necessitate
prompt and decisive action take action They are, nevertheless, extremely complicated. We can't just
jump right in. We need to take a step back, evaluate, and address the subject in a novel way using
creative thinking. Traditional business thinking, with its extensive research, calculations, and logical
facts, is commonly practiced by today's managers. Business thinkers are prone to making snap
judgements, sifting out the correct response from a slew of incorrect responses. Deductive and inductive
reasoning are popular techniques for making judgments because they look for proof or precedent.
The innovation concept has been introduced to capture the complexities, contingencies, and
uncertainties of new product and process development processes. Innovation processes are seen as
expeditions into unexplored areas, which are highly ambiguous, often uncontrollable and unique. People
do not proceed in these expeditions in a predictable, stage-wise manner, nor do they proceed randomly.
management is often the driving force behind an innovation project, especially when there is a pressing
need for new advancements, there are numerous things that may go wrong when management is
involved in change.
Managers are still consulted when seeking support and approval, depending on the corporate
culture. To start, management put into the transition initiative. Despite the fact that many of us were
eager to advance the change, there appeared to be no genuine effort on the part of management. For
initiatives to succeed and for a greater number of innovations to occur, leadership is required.
Motivation will rise if your superior shows interest in what you do and encourages you to make changes.
More innovative companies have a clear structure for innovation. Everyone should be aware of
the process’ status and the requirements an advance has to fulfil in order to be developed further.
Without a plan for change actions, it's unclear which mediums should be used to communicate new
developments to the rest of the organization. Encouraging knowledge sharing between colleagues and
changing the attitudes about change of employees has been recognized to be a difficult task. There will
be resistance to change in any organization. It was easier to continue with the old when there were no
pushes for new. And, if there were no innovative leaders or “coaches” to encourage development,
Before an attempt is made to adopt the innovation in the organization, a lot might go wrong.
The culture of a company has a significant impact on its ability to innovate. It's difficult to integrate
abrupt changes in how things are done into daily activity. Methods and practices must evolve into
something new and revolutionary, and this requires a transition process. A transition process in which
innovations will be presented, potentially changing the entire area. Challenges within organizational
structures is also one aspect to look into. There are many different ways to think, which leads to a large
variety of different organizational systems. A framework that works well for one organization may be
New goods and services aren't the only things that can be innovated. Business models, networks
and partnerships, structures, product systems, sales channels, brand growth, and the consumer
experience are all part of a well-rounded innovation effort. Shifting the attention to this wider view of
creativity allows everybody in the company to see how they can help. Finance, distribution, operations,
storage, and other areas all play a key role. Rather than waiting for the "Next Big Thing" to be passed
down from on high, each becomes the driving force behind business innovation.
Companies may benefit improved productivity and reduced costs with innovation. The aim of a
lot of process innovation is to lower unit costs. This could be accomplished by increasing the company's
Companies may also benefit with better quality and product image. Customer needs are more likely to
be met by higher-quality goods and services. Assuming they are well-marketed, this could lead to
increased revenue and earnings. Innovation would almost definitely favor a company with a single
product or a small product range. A wider product selection allows for higher revenue and earnings
A strategy of investing in innovation can bring significant rewards, but it is not without risk.
Amongst the potential pitfalls are competition, uncertain returns, and availability of funds. Innovation
only confers a competitive advantage if competitors are not able to replicate it in their own businesses.
Whilst patents provide some legal protection, the reality is that many innovative products and processes
are hard to protect. One risk is that one research-driven, creative business makes the initial investment
and bears all of the risk, only to find itself competing with a slew of imitators riding on the innovation's
idea or concept.
Most of research and development is speculative, and future sales and income cannot be
guaranteed. The longer the production timeframe, the more likely it is that rivals will catch up to your
research. Research and Development, like all business operations, must contend for limited funds. R&D
necessitates a high required rate of return due to the risks involved. That means that the opportunity
cost of investing in R&D can be very high for companies with limited cash resources.
personal interest with curiosity, time, and the absence of a predetermined goal. Your duty as an
innovation leader is to provide the atmosphere, incentives, and channels of distribution necessary for
Since the start of the COVID-19, consumers have shown stockpiling behaviors that significantly
deviate from their normal way of purchasing. A further result of the lower accessibility of store
premises, combined with consumers' greater well-being concerns, has been a quick increment in
request for alternative distribution channels. Unexpected directions forcing social distancing are further
having an endless effect on consumers’ favored channel for shopping. For case, whereas online basic
need shopping has seen steady growth in spite of the fact that limited development within the final
decade, it has essentially expanded amid the COVID-19 pandemic. The current state of today’s business
environment has changed the way many of us used to live a year ago. It has influenced the type of
society that our generation lives in, as well as accessibility, protection, security, and purchasing power.
With our new normal set up, there have been many changes in the world of business, which have
resulted in changes in businesses are conducted and changes in consumer behavior are greatly affected.
COVID-19 has caused changes in consumer behavior patterns but there has also been a shift in
what factors influence the decision-making process. Two of the general influences are price and quality
which have an effect on one’s consumer behavior. The outbreak has prompted customers to search out
goods that are risk-free and of the highest quality, especially when it comes to food and cleaning
supplies. Consequently, customers are willing to spend even more for quality assurance and validated
safety requirements. At this point, despite the price being one of the most influential factors, it just
comes second right now. In times of crisis, shoppers decreased their consumption and wastefulness by
being more cautious in their decision-making process and finding more knowledge about products
Everyone had to adjust and adapt to the new normal since the spread of coronavirus.
Consumers, specifically teenagers, have been forced to self-isolate due to lockdown and are
experiencing strict health protocols that increased their online activities. COVID-19 brought a drastic
change in people's daily habits. There has been an increase in the number of First Time E-Commerce
users in India, who had previously been inhibited from shopping online. Also, some applications like
Bigbasket, Grofers, and Amazon have observed a growth in terms of usage. Due to the pandemic and
stringent regulations, people turned to online shopping, which helped lessen the expansion of the
infection. Changes illustrate that consumer behavior in the post-COVID era is different and that it is
influenced by psychological factors such as fear caused by COVID-19. Economic factors also affect
Everyone had to adjust and adapt to the new normal since the spread of coronavirus.
Consumers have been forced to self-isolate due to lockdown and are experiencing strict health protocols
that increased their online activities. COVID-19 brought a drastic change in people's daily habits. There
has been an increase in the number of first-time E-Commerce users in for both buyers and sellers. Due
to the pandemic and stringent regulations, people turned to online shopping, which helped lessen the
expansion of the infection. Changes illustrate that consumer behavior in the post-COVID era is different
and that it is influenced by psychological factors such as fear caused by COVID-19. Economic factors also
Activity #2
2. Create your own version of corporate values using “I-N-N-O-V-A-T-I-O-N” (theory-based) that
When faced with dilemmas, hotels and resorts should provide a solution that doesn't
Neat It is crucial to maintain cleanliness at all times, especially in hotels and resorts. Neatness
Nurture It is to provide a comforting place to stay for guests. It is a vital part of the guests'
Order It is to provide a systematic and direct system for both employees and guests. It is to
Value The organization should put purpose in every action and service that they provide.
Accessible The company will provide facilities that are easy to access without complication.
Thriving The company will constantly improve its service and facilities to maintain the quality of
its service.
Integrity The company will always be honest and have ethical principles integrated into the
Open-hearted All guests and employees are welcome in the hotel and resort. The company will also
keep track of its corporate social responsibility for the betterment of the community.
No Discrimination The company will provide its services despite age, race, gender, and physical
challenges.