Developing the Mindset For Innovative Leadership Tony Curl Tony - - PowerPoint PPT Presentation

Tony Curl

Developing the Mindset For Innovative Leadership

Tony “Coach” Curl

• 30 Years Retail Leadership
• Certified Leadership Coach
• Certified Empowerment Coach and

Human Behaviour Specialist

• Newly Published Author
• Thought Leader

Walk-Through

• Key Findings from Study of Australian

Leadership on Innovation*

• Characteristics of Innovative

Companies

• Summary of other studies
• Key Takeaways

*Study of Australian Leadership. Leadership at Work. Do Australian Leaders Have What it Takes? 2016 Melbourne University, Centre for Workplace Leadership

What Is Innovation?*

Two dimensions of innovation relating to: (1) creating products and services that go beyond what is expected by existing customers, including experimentation and the creation of new opportunities and markets (Radical innovation); (2) developments that improve efficiency and expand existing markets (Incremental innovation).

OR!

• Turning Ideas into Action

Innovation Output

Infrastructure Institutions Human Capital & Research

Innovation Inputs Ranked : 10 Score: 64.8 Innovation Outputs Ranked : 24 Score: 45.6

HOW WE RANK.

Creative Goods and Services Online Content

Human Capital – 9 Institutions - 11 Infrastructure - 4 Creative Goods – 7 Online Content - 6

Global Productivity Index 2015 Ranked : 17 Score: 55.2 Innovation Efficiency Ratio Ranked : 72 Score: 0.7

Knowledge isn’t the PROBLEM

As we transition from a resources based economy We have to get better at converting the innovation Inputs into outputs.

Key Finding

Innovation is a critical source of productivity growth and

• competitiveness. SAL shows that

workplaces with more capable leaders are more innovative – regarding both incremental and radical innovation performance. It also confirms the importance of innovation for business performance

*Study Of Australian Leadership

Gaps

Few Australian organisations report high levels

• f innovation

Innovation drives growth and productivity. Yet most organisations struggle to turn knowledge and ideas into successful innovations. Too few (18%) private sector organisations report high levels of radical innovation. Surprisingly, public sector organisations were more likely than private sector organisations to have reported high levels on both types of

• innovation. However, findings show those
• rganisations that do innovate successfully

achieve superior performance outcomes.

*Study Of Australian Leadership

It’s Not New!

• 1995 – Australia. Industry Task

Force on Leadership and Management Skills. (Karpin Report)

• 2009- Management Matters in

Australia

• 2016- Study of Australian

Leadership ALL cite a lack of leadership innovation.

Why Aren’t We Learning?

Key Characteristics of Innovative Companies

• High Performance Work Practices
• Learning Culture
• Transformative Capability, the

ability to turn knowledge into action

• Self-efficacy of a leader is

important

How It’s Changed

110 223 161 KMART TARGET BIG W

Profit 2008

Profit 2008 470

• 195
• 14.9

KMART TARGET BIG W

Profit 2016

Profit 2016

Start Today

RELEVANCE

Lessons

Nokia's CEO Stephen Elop.

“we didn’t do anything wrong, but somehow, we lost”.

The Moral of the Story

“If you don’t change, you shall be removed from the competition.” Ask Yourself Today:

“How Do I Stay Relevant with my Business?”

Success Is Your Responsibility

Intensely Curious

Vision – Goals - Priorities

Productive Relationship With Failure

Enjoy the Tough Stuff – It’s Small Steps

Make the World a Better Place

The Take-Aways

Innovative Leaders

• Own their Success
• Intensely Curious
• Prioritize Vision
• Are Productive with Failure
• Enjoy the Tough Stuff
• Making the World a Better Place

Innovative Companies

• High Performance Work

Practices

• Learning Culture
• Transformative Capability, the

ability to turn knowledge into action

• Self-efficacy of a leader is

important

Tony Curl P: 1300 824 287 E: tony@tagb.com.au

thinkandgrowbusiness.com.au