Innovation is the answer to many of the challenges that both businesses and societies face. But what does it take for an organisation to be truly innovative? All too often, people’s view of innovation is reduced to conversations around the development of new technologies. But innovation is so much more. It is about figuring out new ways of working, embracing new values, and pushing new boundaries. And it starts with leaders who believe in its potential and are able to drive it within their organisation.
But many of today’s companies feel they lack this leadership - leadership that is fit for purposeful innovation. Purposeful innovation needs leaders who have the personal skills to drive innovation, and build a culture of innovation. Too often, these qualities are not present. But, there are ways that these skills can be learnt and developed. The aim of this event is to uncover these skills and the paths leaders must take to realise their full potential. It will also provide concrete tips and tools to help them lead more innovative cultures and organisations.
The briefing will focus on two key questions: One, what are the key skills and traits required of today’s innovative leaders? And two, how should organisations build internal cultures that nurture innovation?
Focusing on the role of a leader, large multinational corporations have extensive infrastructure and firm legacies that can swiftly repel change. They can also dismiss the warning signs that change is required. To counter this, leaders need to pick up on these signs faster than ever.
Having these visionary traits, and defining the future role of a company accordingly, will create an environment where purposeful innovation thrives. Innovation that is purposeful gives clarity to a company’s workforce. It helps create an ecosystem where a willingness to fail is encouraged, and where employees recognise the need to be networkers more than specialists. If this ecosystem can be created then a leader can helm an enterprise into sustainable growth.
The Financial Times, in partnership with PA Consulting, present a unique Breakfast Briefing forum. Using an innovative lens, discussion will focus on the role of a leader, how they need to be fit for purpose, and the culture of innovation they need to create. Executives and innovators alike will map out the skills needed and the path towards embedding an innovative culture in every organisation.