Business Leadership and Innovation

Foster innovation in your businessTeres Development, Sydney Australia

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Scope• Why innovation is critical

• Innovative business leadership

• Why it’s up to leaders

• Where do you start?

Tap into the innovative sparks within your team.

Leaders spark innovative ideas in

others

Why innovation is critical• Change• Technological• Market expectation• Generational

• Consumer/Client choice

• Maintaining competitive advantage The clock is clicking

Innovative Business Leadership• A philosophy

• Enabled through action

• Embraces new technologies, methods and processes

• Encourages challenging norms and the taking of risk

Philosophical design and approach to leadership

Why it’s up to leaders

• Leaders set the direction

• Empower performance

• Simply not a management function

Establish an innovative path worth following

Leaders share inspiring visions

Where do you start?

• With a desire

• Examining the present and future

• Define your vision

• Build your planSet and communicate your innovation agenda

Leaders inspire others through action and commitment

Leadership Role• Set the example

• Share the vision

• Capitalise on your teams knowledge and talents

• Dedicate the necessary resources Leaders require a comprehensive understanding of

the technological and market future

Change Management• Be committed

• Champion innovation

• Reward success

• Respect failure

• Manage the change processInnovation unmanaged has catastrophic outcomes

Leaders innovate

Manage Risk

• Risk and reward

• Risk when acting

• Risk to not act

Innovation is rife with risk

Collaborate

• Recognise the value in others

• Work with customers

• Accept your own limitations

• Encourage Create an innovative community

Leaders support innovative efforts

Summary• Critical to sustainable

competitive advantage

• Leaders innovative

• Leaders foster innovation

• Collaboration empowers innovation Innovation is critical to success and survival

Leaders foster collective

innovation

Questions and Discussion

Teres DevelopmentTeres Development is a boutique consulting firm which capitalises on the extensive business acumen, leadership, planning skills and experiences of its consultants through offering premium leadership and business development services to the public and private sector. Our consultants are experts in leadership and business development with extensive education and experience.

Contact us: Contact@teresdevelopment.comWebsite: https://www.teresdevelopment.com/