Australian Professional Standard for Principals and the Leadership Profiles
Developing the Mindset For Innovative Leadership€¦ · Companies • Summary of other studies •...
Transcript of Developing the Mindset For Innovative Leadership€¦ · Companies • Summary of other studies •...
Tony Curl
Developing the MindsetFor Innovative Leadership
Tony “Coach” Curl
• 30 Years Retail Leadership• Certified Leadership Coach• Certified Empowerment Coach and
Human Behaviour Specialist• Newly Published Author• Thought Leader
Walk-Through
• Key Findings from Study of Australian Leadership on Innovation*
• Characteristics of Innovative Companies
• Summary of other studies• Key Takeaways
*Study of Australian Leadership. Leadership at Work. Do Australian Leaders Have What it Takes? 2016Melbourne University, Centre for Workplace Leadership
What Is Innovation?*
Two dimensions of innovation relating to: (1) creating products and services that go beyond what is expected by existing customers, including experimentation and the creation of new opportunities and markets (Radical innovation); (2) developments that improve efficiency and expand existing markets (Incremental innovation).
OR!
• Turning Ideas into Action
Innovation Output
Infrastructure
InstitutionsHuman Capital
& ResearchInnovation InputsRanked : 10Score: 64.8
Innovation OutputsRanked : 24Score: 45.6
HOW WE RANK.
CreativeGoods and
Services
Online Content
Human Capital – 9Institutions - 11Infrastructure - 4
Creative Goods – 7Online Content - 6
Global Productivity Index 2015Ranked : 17Score: 55.2
Innovation Efficiency RatioRanked : 72Score: 0.7
Knowledge isn’t the PROBLEM
As we transition from a resources based economyWe have to get better at converting the innovationInputs into outputs.
Key Finding
Innovation is a critical source of productivity growth and competitiveness. SAL shows that workplaces with more capable leaders are more innovative –regarding both incremental and radical innovation performance. It also confirms the importance of innovation for business performance*Study Of Australian Leadership
Gaps
Few Australian organisations report high levels of innovationInnovation drives growth and productivity. Yet most organisations struggle to turn knowledge and ideas into successful innovations.Too few (18%) private sector organisations report high levels of radical innovation. Surprisingly, public sector organisations were more likely than private sector organisations to have reported high levels on both types of innovation. However, findings show those organisations that do innovate successfully achieve superior performance outcomes.*Study Of Australian Leadership
It’s Not New!
• 1995 – Australia. Industry Task Force on Leadership and Management Skills. (Karpin Report)
• 2009- Management Matters in Australia
• 2016- Study of Australian Leadership
ALL cite a lack of leadership innovation.
Why Aren’t We Learning?
Key Characteristics of Innovative Companies• High Performance Work Practices• Learning Culture• Transformative Capability, the
ability to turn knowledge into action
• Self-efficacy of a leader is important
How It’s Changed
110
223
161
KMART TARGET BIG W
Profit 2008
Profit 2008
470
-195
-14.9KMART TARGET BIG W
Profit 2016
Profit 2016
Start Today
RELEVANCE
Lessons
Nokia's CEO Stephen Elop.
“we didn’t do anything wrong, but somehow, we lost”.
The Moral of the Story
“If you don’t change, you shall be removed from the competition.”
Ask Yourself Today:
“How Do I Stay Relevant with my Business?”
Success Is Your Responsibility
Intensely Curious
Vision – Goals - Priorities
Productive Relationship With Failure
Enjoy the Tough Stuff – It’s Small Steps
Make the World a Better Place
The Take-Aways
Innovative Leaders• Own their Success• Intensely Curious• Prioritize Vision• Are Productive with Failure• Enjoy the Tough Stuff• Making the World a Better Place
Innovative Companies• High Performance Work
Practices• Learning Culture• Transformative Capability, the
ability to turn knowledge into action
• Self-efficacy of a leader is important
Tony CurlP: 1300 824 287E: [email protected]
thinkandgrowbusiness.com.au