Importance of Innovation & Leadership for Business Management

This research explores the importance of innovation and leadership for business management and organizational growth. It focuses on the impact of innovation on organizational leadership, the importance of innovation and leadership in enhancing organizational growth, and the challenges faced by companies in implementing innovation. The case study is based on Hilton hotel, a global brand in the hospitality industry.

Topic Proposal

Topic: “To determine the importance of Innovation & leadership for business management in
order enhancing organizational growth”. A case study on Hilton hotel.
Introduction
Innovation and leadership play a significant role within the company because it
provides a path on which business can operate their activities in an effective manner. In this,
innovation is considered as an important activity is doing something different and innovative
from every one else in context of undertaking their business. Using innovation within the
organizational activities is help in saving time, money and other sources that provide
competitive edge over their competitors. For attaining the same, proper leadership is also
crucial because without guidance employees can not be able to implement innovative ways to
accomplishing their targets. With the help of this, company can easily establish their
competitive advantage and also attain higher success as well. Current research is based on
Hilton hotel is global brand of full-service hotel and resort. It is American multinational
hospitality company operate their business in over the world with the aim of attaining success
at market place.
Research objectives:
 To determine the impact of innovation on organizational leadership.
 To assess the importance of innovation and leadership in enhancing the organizational
growth.
 To identify the challenges faced by company due to implementing innovation within
the operational activities of business.
Research questions:
 What is the influence of innovation on the organizational leadership?
 What is the importance of innovation and leadership in enhancing the organizational
growth?
 What are the challenges faced by company due to implementing innovation within the
operational activities of business?
Rationale of research project
The main purpose of undertaking current research activities is to explore the
importance of innovation and leadership for business management. The major effectiveness
of this research topic is that it also helps business organization in increasing overall

profitability level of the company. As innovation is one of the effective ways to expand their
business activities as it may assist in improving the possibilities of attaining competitive
success at market place. In addition of this, it is also help investigator in enhancing their skills
and knowledge that provide support in taking right decision.
Literature review
Key words: Innovation, leadership, business growth, role of employees.
Innovation is one of the important process that provide a path in which company
operate their business differently and also tries to attain competitive success from its
competitors. One of the main advantages of implementing innovation is that it supports
company in making their organizational activities more effective. In this regard, leadership is
also help company in making employees more productive and able to handle entire
organizational activities. This will directly contribute in enhancing the overall growth of
company at competitive market place.
Research Methodology
This section plays a crucial role in gathering relevant data and information on the
basis of research topic and area. Mainly, it provides path to researcher in undertaking the
whole research activities in an effective manner. Along with this, it also includes various
methods and techniques that used by researcher with the aim gathering authentic information
that support in taking right decision at the end of the investigation. Furthermore, primary and
secondary method of data collection will be used by researcher through which reliable and
detailed information. By using primary method of data, investigator prepare a structured
questionnaire that includes close-ended questions which asked through selected respondents
in order to understand their view point. On the other side, secondary data method helps in
gathering detailed information about the research topic. With the help of this, researcher
easily draw a valid conclusion at the end of the study. For gathering data, researcher choose
50 sample size who are workers of the company and also have enough knowledge about how
innovation and leadership management is important for company in enhancing its overall
growth.

REFERENCES
Books and journals
Dunne, T.C. and et. Al., 2016. The impact of leadership on small business innovativeness.
Journal of Business Research, 69(11), pp.4876-4881.
Donate, M.J. and de Pablo, J.D.S., 2015. The role of knowledge-oriented leadership in
knowledge management practices and innovation. Journal of business research, 68(2),
pp.360-370.
Schoemaker, P.J., Heaton, S. and Teece, D., 2018. Innovation, dynamic capabilities, and
leadership. California Management Review, 61(1), pp.15-42.
Hauck, J. and Prügl, R., 2015. Innovation activities during intra-family leadership succession
in family firms: An empirical study from a socioemotional wealth perspective. Journal of
Family Business Strategy, 6(2), pp.104-118.