Leadership and Strategy: Importance of Innovation and Role of Leaders

leadership and strategy
management

Table of Contents
INTRODUCTION................................................................................................................................3
“As organizations have recognized innovation as the critical gateway to gain competitive advantage
and maintain prosperity, managers are counted on to be leaders and champions of innovation”........3
Role of leaders- ...............................................................................................................................3
CONCLUSION....................................................................................................................................7
REFERENCES.....................................................................................................................................8
Books & Journal:.............................................................................................................................8

INTRODUCTION
Innovation have been always an integral part of business. With rapid changing of market, it
has become essential to focus on innovation so that goals and objectives are achieved in proper
manner. With help of innovation, it is easier to achieve integration and team work within the firm.
It is being considered as critical gateway so that competitive advantage is gained in most efficient
manner (Kharub, 2019). Managers are drivers of innovation who are responsible for handling all
the activities, functions, and operations of an entity. This essay gives a brief knowledge about
managers forming innovation, importance of innovation in enterprise, managers as leaders,
leadership theory and role of leaders. Managers are and leaders both are responsible for
accomplishing of mission and vision of company.
“As organizations have recognized innovation as the critical gateway to gain competitive advantage
and maintain prosperity, managers are counted on to be leaders and champions of innovation”
Competition is rising at rapid scale and which gives importance to the concept of innovation.
Market is wider and broader which reflects that there are many businesses of the same field. It is
difficult for organisation to survive or compete in market without implementing strategy or tactics.
Thus, managers act as a leader in firm and create creativity to deal with competitors or rivals in
appropriate manner. It has become necessary to create something innovative in business for
accomplishing goals. Many firms implement various strategies to compete with their rivals and
managers are to be considered as most integral part of a particular organisation. They help
companies to access to line of competency and get recognized firm in population.
Role of leaders-
Every leaders is heterogeneous in nature and accordingly they perform in enterprise. It is
necessary for them to be aware abut their roles so that they make decisions accordingly. Thus, some
of the roles are discussed below-
Strategist- Leaders in organisation act as strategist and they are responsible for handling
and managing as well as implementing of tactics. Whenever there is need of change at workplace or
in management leaders are always ready with new methods or approaches to enhance the
productivity of firm. Also, they assist in developing of ideas and thoughts to drives creativity at
workplace. With their level of experience & traits they are always ready to deliver a quick made
alternative option to management (Jabbar, 2017).
Representative- The leaders in firm act as representative in which they perform various task
such presenting of seminars, concerts, meetings etc. Furthermore, they also provide reason for