Implementing Innovation Successfully

The assignment emphasizes the need for implementing innovation in a team context, highlighting the benefits of demographic leadership styles and employee participation. It explores how transformational leadership can foster creative environments, and how employee engagement in decision-making processes can lead to corrective decisions and increased market share. The document provides references from various books and journals, as well as online resources, to support its findings.

Leadership and team
dynamics

Table of Contents
INTRODUCTION...........................................................................................................................1
Outcomes of transformational changes.......................................................................................1
Develop leadership philosophy for leading innovation..............................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................1

INTRODUCTION
Innovation is the procedure of converting idea into a products and services which
develops value that satisfy the needs and wants of the customers(Bai, Lin and Li, P 2016). It is
very necessary that there should be proper execution of innovation in company which helps in
achieving competitive advantage and generate more profit. Sometimes there is failure in
implementing innovation because of conflict among employees, power relations and cultural
intelligence. Leader of company have to engage their employees in decision making process
which helps in better evaluation of problems which are affecting performance of company.
Organisation faces the issue in implementing innovation which increase cost of business
activities. In this context, leader is the one who have to adopt effective leadership approach that
helps organisation in execution innovation properly and achieves the competitive advantage.
Outcomes of transformational changes
Innovation can be defined as developing effective processes, products and services. It is
catalyst for growth and development of business and helps in achieving competitive advantage
and earn maximum profits.
Leadership is the procedure of guiding the behaviour of others for achieving the common
goal and also provides knowledge and tools to employees for attaining particular goal.
It is very necessary for leader to adopt proper leadership approaches which helps in
encouraging their employees to implement innovation appropriately. Due to rapid changes in
external environment, Company XYZ wants implement innovation to satisfy the needs and
wants of customer but firm fails in execution of innovation. This increases the cost of company
and do not achieves the competitive advantage. For implementing innovation, leader of company
encourage their staff members by various techniques that are as follows:
 Self motivation: It is internal drive of an employee that motivates an individual to work
hard and achieve specific goals. If employees of Company XYZ not has self motivation
ability in them than its directly affects the performance of firm and it also become
difficult to implement innovation(Bolman and Deal 2017). On the other hand, when staff
members has self motivation in them than it is beneficial for an enterprise because they
work hard to achieve set objectives and it become easy for company to implement
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innovation and also get success which leads to satisfaction among employees and results
in profit maximization.
 Emotional intelligence: It is the ability to manage and identify own as well as others
emotions. It includes three skills that are emotional awareness, ability to manage
emotions and capability of problem solving. When staff member of firm do not have
emotional intelligence than it become very difficult of entity to implement innovation
successfully(Hawkins 2017). It is because employees do not have skills of solving there
problems and do not have ability to manage emotions so it leads to failure in
implementing innovation. If employees of Company XYZ having emotional intelligence
than it helps an organisation in achieving competitive advantage and implementation of
innovation become successful.
 Cultural intelligence: It is individual's ability to perform effectively and efficiently in
the situations characterised by the cultural diversity at the workplace. Importance of
cultural intelligence is to foster tolerance and also enhance the cross cultural interactions.
When employees of Company XYZ do not have the capability of cultural intelligence
than it affects the performance of the company and also have failure in implementing
innovation which leads to increase in of cost company and customer are also not get
satisfied with their product and services which decrease the market share of company. On
the other side, staff members have the ability of cultural intelligence than it helps
company to implement innovation successfully which results in achieving competitive
advantage and it also increases the market share of company because with the innovative
products and services, customer are more satisfied and happy.
 Power relation: There is failure in implementation of innovation in Company XYZ it is
because, firm only gives power to certain people in the organisation. So it become very
different for an enterprise to take corrective decisions as only few members take
decisions(Levi 2015). They formulate strategies without understanding the ground level
issues. To get success in implementing innovation than Company XYZ have to engage all
employees or give equal powers to the staff members who are at same position. When
every employee is take part in decision making process than firm know about the issue
that are available in the organisation. Leader of the company formulate innovation
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strategies according which leads to success in implementation of innovation and
organisation achieves competitive advantage over the rivalry.
 Conflict: It refers to the type of dispute that arises in an organisation, when there is resist
and unacceptable of an individual or group of people on particular decision or situation.
When there is conflict or grievances in the organisation among staff members than it is
very difficult for Company XYZ to implement innovation successfully(Pinar and et. al.,
2014). So the leader of company have to create environment which is conflict free as
when there is no disputes in company than there are possibility to implementation of
innovation successfully which results in increasing the market share of company as more
number of get satisfied with there innovative products and services.
Leader of company have to encourage their employees to develop these ability and capabilities
which helps in getting success in implementation of innovation and this leads to achieve
competitive advantage over the rivalry.
Develop leadership philosophy for leading innovation
When company implementing innovation than all the factors are in favourable condition.
It is very necessary that leader of the company have to minimize conflicts and disputes in the
organisation among the staff members which helps in smooth running in the enterprise. Leader
of the company to have engage all the employees who works in the organisation when there is
formulation of innovative product and services. As employees of the company knows about the
every condition of the firm and engaging them in the decision making process is the beneficial
for the business.
Leader of the Company XYZ have to adopt 'demographic leadership style' which helps in
motivate and encourage others to work hard in order to attain specific goal of the organisation.
Demographic leadership style refers to facilitating the communication and enhancing individuals
to share their views, ideas and combine the all available data or information convert into the best
possible decision (Democratic Leadership. 2018). When there is rapid changes than
demographic leadership provides provides great deal of flexibility to adopt better ways to doing
things(Mitchell and et. al., 2015).
It plays very important role in creating job satisfaction as there is involvement of every
employee in the firm. When there is greater participation of staff member during the decision
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making process than it leads to more creative solution to the issue and innovation to solve
problems which results in serve the organisation better.
Leader of Company XYZ uses demographic leadership style which helps giving solution
to the complex problem which assist in implementing innovation successfully. Advantage of
choosing demographic leadership style is it builds strong and supportive team it is because there
is opinion of every staff member taking into consideration. When there is demographic leaders in
organisation than it helps in effectively foster creative environment which enhance the
innovation of the team member.
It is very essential that engaging team members will help leader to maintain effective
process that fit the business well. Leader should ensure that team members perform well with
other members so that they are suitable to operate in large corporate environment where
communication and co operation is very crucial(Nicolaides and et. al., 2014)
Participation of employees at the time of taking decision related to the innovation is very
important as it helps in taking corrective decision by eliminating conflicts and also create power
relation and cultural intelligence in the organisation. Engaging employees or staff member in
every decision related to innovation is very necessary as it helps in taking corrective decision
which helps in implementing of innovation that results in achieving competitive advantage and it
helps in increasing the market share of firm because more number of customers are satisfied.
CONCLUSION
From the above file it is concluded that implementing innovation is very necessary to
achieve competitive advantage. So leader of the company have decrease conflicts among the
employees and encourage the staff members to work hard and leader of the company also engage
the employees in decision making process related to the innovation which helps in taking
corrective decision which assist in achieving competitive advantage and it satisfies the more
customer which leads to increase in market share of the company.
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REFERENCES
Books and journal
Bai, Y., Lin, L. and Li, P. P., 2016. How to enable employee creativity in a team context: A
cross-level mediating process of transformational leadership. Journal of Business
Research. 69(9). pp.3240-3250.
Bolman, L. G. and Deal, T. E., 2017. Reframing organizations: Artistry, choice, and leadership.
John Wiley & Sons.
Hawkins, P., 2017. Leadership team coaching: Developing collective transformational
leadership. Kogan Page Publishers.
Levi, D., 2015. Group dynamics for teams. Sage Publications.
Mitchell, R., and et. al., 2015. Managing inclusiveness and diversity in teams: How leader
inclusiveness affects performance through status and team identity. Human Resource
Management. 54(2). pp.217-239.
Nicolaides, V. C., and et. al., 2014. The shared leadership of teams: A meta-analysis of proximal,
distal, and moderating relationships. The Leadership Quarterly. 25(5). pp.923-942.
Pinar, T., and et. al., 2014. The relationships between leadership behaviors team learning and
performance among the virtual teams. International Business Research. 7(5). p.68.
Online
Democratic Leadership. 2018 [Online] Available through<https://www.verywellmind.com/what-
is-democratic-leadership-2795315>./