Abstract
Innovation and leadership have been two key areas of research in the last decades. Various scholars have come up with multiple definitions of the terms, all revolving around the influence notion. Leaders have been reported to influence other individuals to dedicate their efforts to attain a given objective. Leadership, however, is a broad term, possessing many definitions. It includes and affects various approaches, situations, skills, reactions, competencies, and qualities. On the other hand, innovation is a practical implementation of methods or ideas that facilitate introducing new products or improving how services and goods are offered. To clearly understand the real meaning of innovative leadership, it is crucial first to fathom the leadership and innovation concepts. The paper aims to review the innovative leadership style as portrayed in the literature, and combining the two terms, and offering more insight and structural foundation for researching elements of innovative leadership.
Highlights
The modern world’s vigorous nature is seen in the rapidly changing and competitive society in which the capacity of the organization to get used to the changes and transformation has a considerable value
Transactional leadership is the best fit for the value-added innovation type since open leadership behaviors such as inciting members to take risks and experiment with new things are not used
There are instances where value-added innovation can apply the transformational type of leadership, i.e., in cases where an already existing product or service is being introduced to a new market
Summary
The modern world’s vigorous nature is seen in the rapidly changing and competitive society in which the capacity of the organization to get used to the changes and transformation has a considerable value. (Schumpeter, 1934) is regarded as the first author on this subject; he claimed that innovation occurs as a result of the knowledge and the creation of the inventions that are accessible, these are considered as the source of attaining the competitive advantage for the organizations between the speedy changes that take place in a business environment. He reasoned that the concept of innovation is a brand-new process, a service, a brand and a creation of a product that assists the economic system by permitting the development of the new originalities. The main purpose of this paper is to set and provide insights into new attributes for innovation leadership
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