Abstract
In a rapidly changing environment, innovation is essential in maintaining long-term survival of public and private organisations. The following paper used quantitative research with the aim of understanding the impact of global innovation index variables have on innovation in 64 countries. Single regression analysis was used to find correlations between global innovation index (II) and other indices such as government effectiveness index (GEI), gender inequality index (GII), cultural diversity index (CDI) among others in order to understand how the above variables affected and influence innovation in studied countries. Our study provides a concise explanation of the intricate relationship between transformational leadership and its impacts on innovative, modernised organisational culture, trickling down the hierarchal pyramid to both public and private sectors. This research will benefit the business community, governments, and different stakeholders to understanding what variables and leadership types are most effective and associative with innovation.
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