Lead Innovative Thinking Practices

Running head: LEAD INNOVATIVE THINKING PRACTICES
Lead innovative thinking practices
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1LEAD INNOVATIVE THINKING PRACTICES
TASK 1
Question 1
Ans: - The crucial drivers to any success of organisation are innovation and creativity. The
result which is unavoidable of this innovative and creative process is the change. In this
whole new world, opportunities that the common people are creating are never ending for
those creative and innovative people that are not only adaptable easily as well as can manage
change, but they are correspondingly contributed in this process of dynamic nature. In
today’s world, initiatives and practices of innovation are slowly becoming more and more
significant due to an unpredictable and fast changing business environment of the world.
Generally the common people are starting out with the process of creativity. The common
people are inventing and creating new concepts as well as new ideas. Everyone is letting their
imagination to go out wild. Whether the common people use improvisation, thinking of
divergent nature, or a technique of aerator, here the used methodology is up basically to the
inventor of a particular innovative or creative thinking. Nevertheless the raw material are
only the numerous ideas for the change and innovation. The ideas do not give guarantee by
themselves of any desired transformation or change. The next step is generally to get upon a
process of thinking critically. The common people should select the ideas which sounds
creative and that which we can easily feel are worthwhile. A question about the various ways
of reaction that the market got by selling a particular product, this question is always tied
with the innovation which is successful.
Question 2
Ans: - Creativity is necessary in the workplace if someone want to keep the momentum going
of rising its business throughout the year. At present, there are many organisations who offer
their employees a funky, cool and creative environment in order to help them spark their

2LEAD INNOVATIVE THINKING PRACTICES
creative thinking and relax to get their respective projects moving up forward. Even some
organisations arrange a brainstorming session before going into any new projects for allowing
the employees to build as well as to participate on a specific project. This process creates a lot
of engagement among the team members as it is involved in the process of creativeness.
Innovation makes a sense if it is implemented. For the implementation, funds is required and
if there is a lack of fund then it arise as a barrier for the innovation. The impact of risk
management while implementing innovations within an organisation is growing on a constant
basis as it has power on the leading position of the company by making a rise in its
competition in the international and domestic markets.
Question 3
Ans: - Five leadership style and their impact on innovation in organisations are –
1) Autocratic leadership – This leadership style is an aggressive and is based completely
on control. A leader of autocrat is always uses a look alike style of militant. Orders are
given by the autocrats and expects execution to be prompt with a little or no input or
feedback from the available workers. This can work in an environment related to
production which stresses maximal output to be simple, job roles which is repetitive (Rast
III, Hogg & Giessner, 2013).
2) Laissez-faire leadership – This leadership style is completely opposite that of autocratic
leadership style. This style is having few major benefits in the innovative environment but
there is also a certain lack in structure and discipline that is a very impactful assets of any
business environment. By using this style of leadership, it make possible for the available
employees in order to find an innovative means of undertaking a higher rate of sale
(Wong & Giessner, 2018).

3LEAD INNOVATIVE THINKING PRACTICES
3) Transformative leadership – This leadership style is doing well in the world of
business. This really shines as an approach of all around effectiveness. It give
encouragement to the employees in order to think in an innovative way as well as the
leaders is also often inspiring. They have a bigger vision, as well as they are motivating
and charismatic (Hewitt, Davis & Lashley, 2014).
4) Participant, hands-on leadership style – It is a collaborative style of leadership and it
can takes the input and the opinion of the employees into their own account during the
process of decision making. This brings out the best ideas to the board and then it puts the
company’s leader in a role of co-worker that is generally respected by all the employees
of the organisation (Packard & Jones, 2015).
5) Transactional leadership – this style of leadership is very straightforward with giving
focus on its work, processes and reward that drive results in a consistent manner.
Although leaders of transaction were tends to lack the charisma and the hype found in
leadership that is transformative, they are a process which is result oriented and that is
great for all the business (McCleskey, 2014).
Question 4
Ans: - Innovation is essential in order to attain a competitive advantage for the organisation
and industry. Innovation versus imitation, motivates companies to launch new products and
become pioneers on markets. Many factors has been shown to be determinants in order to
support an innovative orientation of an organisation. ‘Innovation theatre’ is referred to as a
term of a business guru named Steve Blank at the time when the companies invest their
capital into innovation without any type of clear strategy. Innovation on a daily basis is a
remedy to the innovation theatre. It is only possible when everyone feels encouraged for the
contribution to innovation. To overcome this barrier we can simply start with everyday
innovation, like by dedicating about 20 minutes in meetings held every week to sessions of