Unanimous shared trait among renowned leaders: consistent character attributes.

Unanimous shared trait among renowned leaders: consistent character attributes.

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Embracing leadership that challenges the norm and pushes boundaries is the cornerstone of a successful organization, according to CEO Coach, Boris Nannt. A visionary leader sets clear objectives, guiding their team towards the right path.

However, it's not just about having a clear vision. Cultivating a learning environment that embraces mistakes can foster courage and innovation. By fostering this culture, employees are encouraged to take risks and learn from their failures.

So, what does this look like in practice? Here's a sneak peek into some widely-adopted strategies for driving innovation in companies:

1. Break down departmental silos by forming diverse teams. Each team should consist of members from various departments. This not only broadens employees' perspectives but also prevents groupthink.
2. Create a culture that not only tolerates calculated risks but also rewards them. Treat each failure as a chance to learn and grow. Employees who feel psychologically safe to take risks are more likely to innovate.
3. Look outside your organization for fresh ideas. Collaborate with startups, universities, or industry disrupters. The Yacht Club de Monaco's approach to hosting events with innovators is an example of an outward-facing strategy.
4. Allow employees to dedicate time to passion projects or new ventures within the company. Google's "20% time" policy is a good example of such a program.
5. Adopt Agile Methodologies. Use iterative development cycles to test ideas quickly, gather feedback, and pivot without overcommitting resources.
6. Regularly question existing processes. Conduct workshops or "red teaming" exercises where teams deliberately argue against current strategies to challenge assumptions.

Introducing change can sometimes meet resistance. Here are some strategies to overcome that resistance:

• Lead by example. Executives should visibly champion innovation and model openness to new ideas.
• Communicate the purpose behind the change. Connect the change to the company's mission and values. For instance, PBS's Amanpour and Company prioritizes impactful storytelling to engage its audience.
• Recognize and reward creativity. Incentivize employees through recognition programs or bonuses tied to innovative outcomes.

While specific strategies for Boris Nannt may require additional research, the principles above reflect widely accepted frameworks for fostering organizational innovation.

1. In response to the question, what does a visionary leader do, Boris Nannt's CEO Coach states that they set clear objectives and guide their team, pushing them towards the right path.
2. To cultivate a learning environment that encourages innovation, Boris Nannt suggests forming diverse teams, consisting of members from various departments, to break down departmental silos.
3. Another strategy for driving innovation, as suggested by Boris Nannt, is to create a culture that rewards calculated risks and treats each failure as a chance to learn and grow.
4. As part of fostering innovation, Boris Nannt recommends allowing employees to dedicate time to passion projects or new ventures within the company, similar to Google's "20% time" policy.

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