What makes a company innovative? In the words of Steve Jobs: “It’s not about money. It’s about the people you have, how you’re led and how much you get it.” Several studies attest to the truth behind Jobs’ assertion, showing that leaders play a key role in determining a firm’s innovation success. For instance, overconfident CEOs, CEOs with sensation seeking personalities, and those with general managerial experience have all been shown to make their company more innovative.
Research: Companies Led by Inventors Produce Better Innovations
According to a study of 935 CEOs.
September 16, 2019
Summary.
Several studies have shown that leaders play a key role in determining a firm’s innovation success. For instance, overconfident CEOs, CEOs with sensation seeking personalities, and those with general managerial experience have all been shown to make their company more innovative. New research explores a different aspect of a CEO’s background — whether they’ve innovated themselves — and finds that companies led by inventors produce more and better innovation.
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New!
HBR Learning
Innovation and Creativity Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Innovation and Creativity. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Unlock your team's curiosity and willingness to take smart risks.