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Leading Innovation: Creating the Future

In: The Timeless Principles of Successful Business Strategy

Author

Listed:
  • Eric Viardot

    (Skema Business School, Skema Executive Education)

Abstract

Innovation is the driving force behind growth and long-term success. Organizations must continuously renew themselves to remain relevant in a rapidly evolving environment. Innovation transforms ideas into impact and serves as both a strategic necessity and a tool for shaping the future. It spans technological, organizational, and business model dimensions. Technological innovation varies by object (product or process), degree (radical or incremental), and visibility. Companies often face the choice between internal development and external acquisition, with many leveraging open innovation ecosystems. Business model innovation redefines how value is created and captured, enhancing resilience and agility. Organizational change ranges from minor adaptations to full-scale revolutions, depending on scope and magnitude. Drivers of change include customer expectations, competitive pressures, internal capabilities, and external disruptions. Successful innovation requires structured preparation: defining scope, assessing capabilities, estimating timing, evaluating readiness, and mobilizing stakeholders. Enduring firms align their ecosystems, engage external insights, and cultivate credible leadership. Innovation is not a break from the past but a disciplined extension of identity into the future. Leading innovation means shaping direction with intention, coherence, and courage.

Suggested Citation

  • Eric Viardot, 2026. "Leading Innovation: Creating the Future," Management for Professionals, in: The Timeless Principles of Successful Business Strategy, edition 0, chapter 8, pages 81-96, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-032-14617-5_8
    DOI: 10.1007/978-3-032-14617-5_8
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