Embracing Innovation Management!

What do CEO’s Indra Nooyi, PepsiCo.; Travis Kalanick, Uber; Ursula Burns, Xerox; John Mackey, Whole Foods; and Larry Page, Google have in common when it comes to managing their businesses? Some of the characteristics of their management styles emulate the old adage of “Thinking Outside The Box” which still holds true today, however Innovation Management takes that adage to the next level. All of these unquestionably successful CEO’s employ Innovation Management strategies in the management of their companies.

Are you prepared to transform yourself and your business into one that institutes Innovative Management? Does dismissing the thought of the impossible frighten you or inspire you? A textbook definition of Innovation Management might read something like: a notable deviation from traditional managerial principles, practices, or processes that alters the traditional manner that the management of business and/or personnel is performed. In layman’s terms it simply is changing the way business operates or it can be viewed as an intermingling of empowerment and an alteration of traditional management.

A sampling of traditional managerial characteristics and Innovative Managerial Characteristics include the following:

Traditional Management Characteristics

1. Executives Set Goals and Establish Plans

2. Activities are Coordinated and Controlled by the Manager

3. Knowledge is Acquired and Applied by the Manager

4. Resources are Allocated Accordingly via the Manager

5. The Manager Identifies and Develops the Talent

6. Aligning Colleague Effort/Support Requires Motivation

7. Relationships Must be Nurtured and Constantly Monitored

Innovation Management Characteristics

1. Commits to a BIG Problem

2. Novel Problems Demand Novel Principles & Solutions

3. Change starts at the top

4. Innovation & Change Must Feel Safe for Colleagues

5. Employ Employee Engagement

6. Crisis is one of the Greatest Motivators of Change

7. Successful Innovation Instills Buy In from All Levels of Colleagues

If you would like support developing your individual Innovation Management Strategy we are we are eager to team together with you to get the results you desire. Visit our website at www.themeritgroupindy.com or call 317-805-4896 today!

Look for more small steps that produce BIG results!

#Leadership #timemanagement #Business #Innovation