Leadertask version v26/23/2023 The Leader’s Role in Innovation Innovation Challenges Culture of Innovation ? Failure to Execute Think Differently Question Assumptions Get Things Done Experiment Team Members Inspire Curiosity Drive Discipline Leader Challenge Current Perspectives Create Freedom.( R )evolution Point 1 A Leaders Role in Innovation.Innovation Important 95% 90% 89% 72% Budget Increases 80% 82% 73% 49% Up The Value Chain Boston Consulting Group 2010.He said, ‘ I’d rather be 8 and 2 than 2 and 0 in terms of willingness to try out something new’ ”. “ Our CEO coined how we need to think about innovation.Leadership Skill Effectiveness: 50 / 50 Value Proposition.Table Activity: What are the top 5 future critical skills?.Leadership development: What works today, may not work tomorrow.Effective Development = Quality Leadership 13% 62% Low Development Effectiveness High Development Effectiveness.Development Matters Leadership Development Talent Systems & Practices Management Culture.Enhanced Business Impact Enhanced People Outcomes Talent Systems & Practices Leadership Development Management Culture.About the Global Leadership Forecast 1,897 HR Professionals 12,423 Leaders 2,679 Organizations 74 Countries.Cost of Leadership Performance AVERAGE HIGH LOW 1 Leader X 10 Direct Reports X $170,000 Revenue Per EE $1.7 million If the difference between an average leader and top-performing leader is 50% $2.6 million.Passion 7% 53% Low Leadership Quality High Leadership Quality. The bottom line Financial performance 2.8x Customer satisfaction 4.6x Productivity 4.7x Quality of services 4.4x 52% 13% Low Leadership Quality High Leadership Quality.Engagement 9% 50% Low Leadership Quality High Leadership Quality.Retention 24% 70% Low Leadership Quality High Leadership Quality.
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