According to the PwC’s Global CEO Pulse Survey on Innovation, 57% of CEO respondents said that having the right culture to foster and support innovation is the most important ingredient for successful innovation at a company. Truly innovative CEOs recognize that innovation doesn’t only happen in their research and development (R&D) departments but throughout the whole company.
The key to creating the right culture for innovation is to have a holistic and humanistic approach in leading your employees and having this approach trickle down from your executive team to the rest of the organization.
Applying the following leadership strategies can cultivate a positive and supportive organizational culture, making it possible to foster innovation.
1. Recognize human potential. Leading your organization means you may not have time to interact with every employee, which can make it easy to overlook the incredible human potential available to help your company be more innovative. Beliefs are powerful, and allowing yourself to embrace the belief that people have potential will elevate how you interact with them. When you approach every employee interaction with this belief, it builds their confidence to leverage every moment for greatness and share ideas and contributions they would not have normally shared.
2. Shift mindsets and behavior. By recognizing and activating potential in others, leaders make emotional shifts to permanently change mindsets and behaviors at work and at home. This shift promotes a safe environment for creativity. Remember that people truly want to make a difference. They want to be great at what they do. Communicate to your company that they work in an environment that safely allows them to fulfill that desire and inspire them to make their ideas a reality.
3. Embrace challenges. Challenges are a natural part of growth and progress, particularly when it comes to innovation. Leading while also fostering innovation won’t be easy—but avoiding tough situations that need to be addressed and sweeping them under the rug is sure to backfire. Meet with your executive team and discuss challenges with a focus on moving forward. Encourage them to use this approach and empower their team members to discover and own solutions. This will create a cultural norm to deliver exceptional results with agility.
Use these tips to create an inspiring place to work. Promote a highly creative and supportive company culture that allows your employees to achieve remarkable results by increasing innovation and productivity in a demanding global business climate. Applying these three principles can result in a company-wide culture of continuous innovation.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
