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How leadership helps organisations develop Long Term Success., Time and…
How leadership helps organisations develop Long Term Success.
Medium - Drastic change in current product. High investment and resource required with risk to success
Short - Extension of existing product. Quick return on value
Market economy
Expansion
More innovation more resources available
Recession
Innovation potentially required to ensure economic prosperity
Creative destruction
New technology destroys old methods
Capital requirements
Can be negative and create economic deprivation
Waves of economics
New technology adoption
Virtuous and vicious cycles
Schum Peters wave accelerate
Business/product life cycles
Value
Tension between innovation and value (both only concerned with improving existing product)
Driving a value proposition across the organisation
Focus on too many resources on perceived innovation can debilitate weak parts of chain and overall capabilities
Leaders must make individuals feel empowered to adopt values and promote values
Leaders must be open to different values
Innovation Chain value
Idea Generation
Conversion *Diffusion
Organisational Culture
Identify culture blockers and resolving
Driving culture
Employment Relations
Macro economic - change in wider labour market effects on employment relations
Micro economic - Hiring practices and relative power of employers and employees within organisations
Employee Participation - Ability of employees to input on and influence organisational wide decision making
Employee inclusion - Organisational culture individual is empowered to shape decisions that affect specific job and role
Leadership styles
Result
Person
Position
Purpose
Process
Followship
Develop relationship with all stakeholder groups and identify needs
Time and innovation
Long - Completely new vision of doing things higher risk. High risk and investment required
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