Leading Innovation: Keys to Success

by Michael Fitzgerald, July 28, 2014
Global

Abstract

A Celent survey provides data to guide the selection of senior innovation leaders.

A consistent theme across all of Celent’s innovation research is that the people involved in the effort are the final differentiator between success and failure.  However, there is little data to help guide the selection, development, and assessment of senior innovation leaders.

To close this gap, Celent partnered with Mick Simonelli, former senior innovation executive and thought leader, to survey 59 innovation professionals attending the Front End of Innovation Conference. The objective was to determine their priority ranking of the qualities of successful senior innovation leaders.

The survey explored four areas: technical skills, leadership qualities, personal attributes, and previous job experience. For each, the survey listed seven or eight characteristics. A forced ranking method was used to document the relative priorities between alternatives. Participants were asked to rank each characteristic from most important to least important.

The results form a snapshot of what, for this community of practitioners, contributes the most to the success of an innovation leader.

”This survey group has a unique perspective because they can speak from personal experience regarding what it takes to lead innovation,” says Mike Fitzgerald, Senior Analyst and author of the report. “We encourage the use of these results in multiple areas, including senior leader selection, personal development planning for incumbents, team member selection, and team development.”

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Introduction

2

Survey Participants

3

Survey Results

6

 

Technical Business Skills

6

 

Leadership Qualities

8

 

Personal Attributes

9

 

Job Experience

11

Top Success Factor

13

Conclusion

14

Leveraging Celent’s Expertise

15

 

Support for Financial Institutions

15

 

Support for Vendors

15

Related Celent Research

16

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