Name: Leadership styles needed for an innovation team
Uploaded: 2022-09-23T12:53:46.467Z
Duration: 185.52
Description: Christopher Bailey discusses the importance of knowing when to have a different mindset, and what those different attributes and mindsets are when leading an innovation team.

Christopher Bailey Leadership attributres integral to innovation team (1).vtt

English

{{00:00:15}}
The way that we look at it is very similar to the
intrepreneur attributes that we brought up before.

{{00:00:19}}
It's just a different set and, and leaders that are working
with those teams need to start adapting to a different

{{00:00:26}}
mindset of working because the expectations are different.

{{00:00:29}}
If you're in a very project management mindset, then
you're very focused in, on knowing the right answer.

{{00:00:35}}
But if you're in an innovation mindset, you're focused a bit
more on learning the right answer and so with that different

{{00:00:42}}
attributes and questions that leaders would want to be, to
be asking or encouraging or working with their teams on.

{{00:00:48}}
So we looking for areas there the, four our venture capitalist.

{{00:00:52}}
So somebody who is a connector, they they can
provide some funding, but that's not the most

{{00:00:58}}
important thing that they do, what they really do.

{{00:01:00}}
Say, oh, you know what?

{{00:01:01}}
You really need a new technologist that
understands this area of machine learning.

{{00:01:05}}
I know somebody, let me bring her onto
the team so that you can execute on that.

{{00:01:11}}
Or it looks like you're really trying to go through
this growth phase and you're struggling there.

{{00:01:15}}
Let me connect you with you know, this, this expert in organizational
behavior that can help you think through a little bit of that.

{{00:01:22}}
So that, that's one of the benefits of having
somebody that has that venture capitalist mindset

{{00:01:25}}
in there is, is more about those, those connections.

{{00:01:28}}
The other one that we think is kind
of fun is, is the farmer attribute.

{{00:01:32}}
So this is where they're, they're providing autonomy to
allow the thing to grow on its own and they also understand.

{{00:01:39}}
That growth happens over time, like a farmer doesn't go out into
their field after they planted and see a little ceiling sprout

{{00:01:46}}
and then say like, you know, why aren't you producing value today?

{{00:01:49}}
No, where's my corn.

{{00:01:50}}
You know, that they understand that those things happen
over time and that value looks different over time.

{{00:01:56}}
So the value in that stealing growing is that they know that the seed
that they planted was good, and then it's going to bear fruit later.

{{00:02:02}}
And so they're able to translate value throughout
that entire chain of value that that happens, so that

{{00:02:08}}
that's a really important attribute for, for leaders.

{{00:02:10}}
Also thinking like a foreign aid worker this is where
that intuition and gut and quick decision-making

{{00:02:16}}
but all at the same time being compassionate.

{{00:02:18}}
So the foreign aid workers sort of dropping in from
the helicopter supplies to a needed nation, right.

{{00:02:24}}
They, they know where those, those challenges are and
they know how to, expertly go in and be courageous

{{00:02:29}}
in sort of protecting the team if they're in trouble.

{{00:02:33}}
And the last one is, is a stockbroker.

{{00:02:34}}
So it's sort of making bets across a
portfolio and being able to manage that.

{{00:02:39}}
So those are the four areas that we look for in,
in leaders and then also are looking at wouldn't to

{{00:02:45}}
train them up if they are coming into lead a team.

The way that we look at it is very similar to the
intrepreneur attributes that we brought up before.

It's just a different set and, and leaders that are working
with those teams need to start adapting to a different

mindset of working because the expectations are different.

If you're in a very project management mindset, then
you're very focused in, on knowing the right answer.

But if you're in an innovation mindset, you're focused a bit
more on learning the right answer and so with that different

attributes and questions that leaders would want to be, to
be asking or encouraging or working with their teams on.

So we looking for areas there the, four our venture capitalist.

So somebody who is a connector, they they can
provide some funding, but that's not the most

important thing that they do, what they really do.

You really need a new technologist that
understands this area of machine learning.

I know somebody, let me bring her onto
the team so that you can execute on that.

Or it looks like you're really trying to go through
this growth phase and you're struggling there.

Let me connect you with you know, this, this expert in organizational
behavior that can help you think through a little bit of that.

So that, that's one of the benefits of having
somebody that has that venture capitalist mindset

in there is, is more about those, those connections.

The other one that we think is kind
of fun is, is the farmer attribute.

So this is where they're, they're providing autonomy to
allow the thing to grow on its own and they also understand.

That growth happens over time, like a farmer doesn't go out into
their field after they planted and see a little ceiling sprout

and then say like, you know, why aren't you producing value today?

You know, that they understand that those things happen
over time and that value looks different over time.

So the value in that stealing growing is that they know that the seed
that they planted was good, and then it's going to bear fruit later.

And so they're able to translate value throughout
that entire chain of value that that happens, so that

that's a really important attribute for, for leaders.

Also thinking like a foreign aid worker this is where
that intuition and gut and quick decision-making

but all at the same time being compassionate.

So the foreign aid workers sort of dropping in from
the helicopter supplies to a needed nation, right.

They, they know where those, those challenges are and
they know how to, expertly go in and be courageous

in sort of protecting the team if they're in trouble.

So it's sort of making bets across a
portfolio and being able to manage that.

So those are the four areas that we look for in,
in leaders and then also are looking at wouldn't to

train them up if they are coming into lead a team.

Christopher Bailey discusses the importance of knowing when to have a different mindset, and what those different attributes and mindsets are when leading an innovation team. 