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Corporate Leadership and Innovation

Corporate Leadership and Innovation. Mussa J ASSAD PhD Associate Professor of Accounting University of Dar es Salaam Business School President, PAFA Chairman, NBAA Governing Board assad@udbs.udsm.ac.tz Presentation to ICPAK – C Suite Seminar 6 th August 2014.

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Corporate Leadership and Innovation

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  1. Corporate Leadership and Innovation Mussa J ASSAD PhD Associate Professor of Accounting University of Dar es Salaam Business School President, PAFA Chairman, NBAA Governing Board assad@udbs.udsm.ac.tz Presentation to ICPAK – C Suite Seminar 6th August 2014

  2. Leadership DefinedBurns (1978) • Leader is attentive to the needs and motives of followers and tries to help followers reach their fullest potential. Process of engaging with others to create a connection that increases motivation and morality in both the leader and the follower Mohandas Gandhi – raised the hopes and demands of millions of his people and in the process was changed himself TRANSFORMATIONAL

  3. Corporate leadership, innovation and competitive advantage • Sustainable competitive advantage relies on creativity and innovation. • Creativity is the generation of a novel idea or unique approach to solving problems or crafting opportunities. • Innovation is the process of creating new ideas and putting them into practice.

  4. The Most Innovative Companies? • Apple • Google • Microsoft  • IBM  • Toyota Motor • Amazon.com  • LG Electronics  • BYD  • General Electric • Sony  • Samsung Electronics  • Intel  • Ford Motor • Research In Motion • Volkswagen • Hewlett-Packard • Tata Group • BMW  • Coca-Cola • Nintendo  • Wal-Mart Stores • Hyundai Motor  • Nokia  • Virgin Group  • Procter & Gamble  2010 1st Time Over ½ of Companies Not EU or US BusinessWeek, April 15, 2010 BCG survey of 2,700 executives in 70 countries 5 www.competingvalues.com

  5. The challenges of corporate leadership and innovation? • Two forms of innovation: • Process. • Results in better ways of doing things. • Product. • Results in the creation of new or improved goods and services. • Innovations require invention and application. • Invention. • Act of discovery. • Development of new ideas. • Application. • Act of use. • Implementation of new ideas.

  6. Attributes of highly innovative organisations - corporate strategic leadership and innovation? • … • Corporate strategy and culture should: • Emphasize an entrepreneurial spirit. • Expect innovation. • Accept failure. • Be willing to take risks. • Organization structure should: • Be organic. • Have lateral communications. • Use cross-functional teams and task forces.

  7. The nature of organizational change • Change leader. • A change agent who takes leadership responsibility for changing the existing pattern of behavior of another person or social system. • Change leadership. • Forward-looking. • Proactive. • Embraces new ideas.

  8. What do Executives want from Innovation? 9 www.competingvalues.com

  9. Show, Don’t Tell Innovation is about what doesn’t exist yet Most of our brain is used to visualize Seeing is believing You need to help people see Put them in the movie A day in their life Proof the concept 10 www.competingvalues.com

  10. What Stops us/them from Having Innovation? 11 www.competingvalues.com

  11. Dealing with Resistance to Change • Methods: • Education and communication • Participation and involvement • Facilitation and support • Facilitation and agreement • Manipulation and co-optation • Explicit and implicit coercion

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