Innovation Leadership is a Key Ingredient to Business Success

By David Gliddon, Ph.D., adjunct professor of Business

CTU Business Degree - Innovation - LightbulbInnovation leadership is the practice of applying leadership to support the creation of new ideas, products, services and solutions. An innovation leader realizes that any employee can conceive innovative ideas, at any moment and for any reason. They recognize, support and empower employees to be creative. Consider Steve Jobs, the founder and CEO of Apple, the largest public company in the world by market capitalization. He demonstrated the attributes of an innovation leader, and today, Apple is not only the most profitable retailer in America, but is also considered the world’s most innovative company.

Innovation leaders apply their skills in two primary ways: through market innovations and organizational innovations.

Market Innovations

Market innovations focus on increasing the market share of a company though increased adoption of a product or service. This helps organizations stay competitive, grow and increase profit. Within in most organizations, you’ll find a cross-functional team tasked with developing market innovations. Innovation leaders make a difference by seeing the value in a team’s creativity and understanding how those sparks of ingenuity can be developed into a tangible business product, service or process. Often, new technology plays a role in market innovations, as Robert Pepper, VP Global Technology Policy at Cisco, describes in this video. New technology brings about new market innovations, and this, can have a profound impact on society.

Organizational Innovations

Organizational innovations aim to develop new ways to enhance business operations. This includes, improving internal processes, developing more effective management practices, fine-tuning fiscal strategies, generating new business models, or implementing new technologies. Best practices are commonly derived from organizational innovations. In fact, a 2010 study of 117 firms found that innovation leadership significantly enhances organizational performance, and that affects its economic stability and long-term sustainability.

Building a Culture of Innovation

Innovation flows from the mind of individuals. When placed into teams, individual ideas converge to form new, often better, ideas. It’s within these team environments, that innovation can truly develop and grow. Through collaborative discussion and evaluation of ideas, market innovation and organization innovation is formed. As an innovation leader, it’s important to create a culture of creativity and innovation. Inspire creativity within all employees, leveraging their ideas and passion to develop your organization’s next new, big idea.

CTU Faculty - David GliddonDavid Gliddon, Ph.D., is an adjunct faculty member at Colorado Technical University and a member of The White House Community Leaders Program. He has global consulting experience in human resources and education. He has won awards for both academic service and for his research on innovation leaders. He was a reviewer for SAGE publications. His research is listed as suggested reading by the National Council on Teacher Quality and the Federal Consulting Group.

Image credit: Flickr/Vermin Inc.

Copyright © 2016 Colorado Technical University (CTU). All rights reserved. No information may be duplicated without CTU's permission. The CTU logo is a registered trademark of Career Education Corporation. CTU cannot guarantee employment or salary. Not all programs are available to residents of all states. Programs vary by location and modality; see catalog for details. Financial aid is available for those who qualify. See the Accreditation & Licensure section for information on the agencies that approve and regulate the school's programs, including relevant complaint procedures here. Find employment rates, financial obligations and other disclosures below.

Privacy Statement Legal Terms and Conditions Student Disclosures Sitemap Student Safety Contact Us

 (855) 230-0555

Terms and Conditions By providing your mobile number, you agree to receive text messages from Colorado Tech via its mobile text message provider.  You may opt out of receiving messages by texting the word STOP to 94576, or simply reply with the word STOP to any text message you receive from Colorado Tech. While CEC or its mobile text message provider will not charge end users for receiving/responding to promotional messages, depending on the terms of your mobile phone plan, you may incur a cost from your mobile service carrier to receive and respond to any promotional text messages (standard messaging and data rates/fees and other charges may apply).  Charges will appear on your mobile phone bill or will be deducted from pre-paid amounts.  Current participating/supported carriers are: Alltel, AT&T, Boost, Cellcom, Cellular One, Cellular South, Cincinnati Bell, Cricket, Element Wireless, Golden State Cellular, iWireless, Metro PCS, Nextel, nTelos, Plateau Wireless, Sprint, T-Mobile, US Cellular, Verizon Wireless, Viaero Wireless, Virgin, and more.×