{"id":17977,"date":"2022-07-26T14:19:14","date_gmt":"2022-07-26T14:19:14","guid":{"rendered":"https:\/\/liquidcapitalcorp.com\/?p=17977"},"modified":"2026-07-22T14:16:11","modified_gmt":"2026-07-22T14:16:11","slug":"supercharge-growth-by-leading-with-innovation","status":"publish","type":"post","link":"https:\/\/liquidcapitalcorp.com\/fr\/blog\/supercharge-growth-by-leading-with-innovation\/","title":{"rendered":"Supercharge growth by leading with innovation"},"content":{"rendered":"<p><em>Only 18% of execs have the skills needed to lead. As markets, technology and workplaces evolve, leaders will meet significant challenges and will need to brush up on their foundational skills. Get ahead by leading with innovation in all areas of the business.<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-17978 aligncenter\" src=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/leading-with-innovation-1030x687.jpeg\" alt=\"leading with innovation\" width=\"1030\" height=\"687\" srcset=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/leading-with-innovation-1030x687.jpeg 1030w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/leading-with-innovation-300x200.jpeg 300w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/leading-with-innovation-768x512.jpeg 768w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/leading-with-innovation-1536x1025.jpeg 1536w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/leading-with-innovation-2048x1366.jpeg 2048w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/leading-with-innovation-1500x1001.jpeg 1500w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/leading-with-innovation-705x470.jpeg 705w\" sizes=\"auto, (max-width: 1030px) 100vw, 1030px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">As a business leader, it can be hard to know exactly where to focus when everyone <\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> everything demands your attention. For those in charge, schedules are very tight, multiple problems can arise simultaneously and unforeseen challenges can derail even the most rock-solid plans.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most successful leaders rely on their foundational business skills to tackle these challenges\u2014but the problem is that many leaders are missing these skills. In fact, <a href=\"https:\/\/www.gallup.com\/workplace\/231593\/why-great-managers-rare.aspx\" target=\"_blank\" rel=\"noopener\">82% of leaders lack all the abilities<\/a> to effectively steer their organization.<\/span><b><\/b><\/p>\n<h2><b>What skills do strong leaders need?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Today\u2019s leaders must be able to build trust, be transparent and communicate clearly with their teams. <a href=\"https:\/\/www.deputy.com\/blog\/performance-review-examples\" target=\"_blank\" rel=\"noopener\">Motivating<\/a> and engaging employees is also important for driving outcomes and overcoming challenges or adversity. And they must be able to make productivity-based decisions.<\/span><\/p>\n<p><strong>Ultimately, the most successful executives have a strong mix of communication, interpersonal and executive-functioning skills.<br \/>\n<\/strong><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">To gain clarity and provide direction to your teams, start with the foundational basics. <\/span><a href=\"https:\/\/councils.forbes.com\/blog\/top-5-executive-challenges\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Successful business leaders<\/span><\/a><span style=\"font-weight: 400;\"> should focus on three areas as their baseline:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create a shared vision<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set strategic objectives to achieve specific performance outcomes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Offer strategic direction to create value in innovative ways<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As challenges arise, these three areas can be your North Star, guiding you and your teams forward. If you start to feel lost or if new challenges arise that can sway you in a different direction, revisit your intended visions, objectives and strategic direction to recenter on the original priorities.<\/span><\/p>\n<h2><b>Ushering in a new era of leadership styles<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">\u201cTraditional\u201d leadership styles are becoming outdated and massive transformations are happening at breakneck speed. Consequently, leaders must pursue new management methods to better facilitate:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.deputy.com\/blog\/7-employee-engagement-ideas-that-drive-business-results\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Employee engagement<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Resolving internal disputes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improving productivity and efficiency<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Change management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Making better choices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Encouragement of ethics, inclusivity and respect<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Promoting a goal-oriented culture<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As industries evolve, business leaders can innovate in all areas of the business. It\u2019s not just about technology alone, but as a leader, you can push forward new products and services, define innovative workflows to improve operational efficiency, revise and refine internal processes or completely evolve the business model.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For two well-known examples in the modern era, innovative leaders at Uber and Amazon modified processes at the very core of their operations. By doing so, they not only rose above their competition, but they redefined their industry and innovated completely new ways of doing business.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By considering how to innovate across all departments and in every process, companies like this are shifting business\u2014and the world at large.<\/span><\/p>\n<p>&nbsp;<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\">\n<h3><b>Did you know?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Organizations with skillful leaders and higher employee engagement have a higher bottom line (as much as <\/span><a href=\"https:\/\/news.gallup.com\/businessjournal\/163130\/employee-engagement-drives-growth.aspx\"><span style=\"font-weight: 400;\">147% higher earnings<\/span><\/a><span style=\"font-weight: 400;\"> per share) than competitors.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17981 size-large\" src=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/organizational-success-1030x685.jpg\" alt=\"organizational success - leading with innovation\" width=\"1030\" height=\"685\" srcset=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/organizational-success-1030x685.jpg 1030w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/organizational-success-300x199.jpg 300w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/organizational-success-768x511.jpg 768w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/organizational-success-1536x1021.jpg 1536w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/organizational-success-2048x1362.jpg 2048w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/organizational-success-1500x997.jpg 1500w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/organizational-success-705x469.jpg 705w\" sizes=\"auto, (max-width: 1030px) 100vw, 1030px\" \/><\/h2>\n<h2><b>You must be compelled to innovate<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Naturally, leaders have an innate desire for growth, and many already see \u201cinnovation\u201d as the way. To truly succeed, they must not only recognize it, but then implement it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to The Boston Consulting Group, <\/span><a href=\"https:\/\/www.bcg.com\/publications\/2015\/growth-lean-manufacturing-innovation-in-2015.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">79% of executives<\/span><\/a><span style=\"font-weight: 400;\"> rank innovation in their top three business initiatives. They also made a critical observation that the highest ranking companies have a shared focus on research, technology and development, which helps them stay one step ahead of competitors and fuel growth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tesla is a perfect example of a company whose investment in innovation has led to unprecedented growth, having surpassed <\/span><a href=\"https:\/\/www.cnbc.com\/2020\/07\/01\/tesla-tops-toyota-to-become-largest-automaker-by-market-value.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">$206 billion in 2020<\/span><\/a><span style=\"font-weight: 400;\">. Through a carefully crafted and deliberate innovation strategy, the company has quickly risen to <\/span><a href=\"https:\/\/analyticsindiamag.com\/all-the-innovations-by-tesla-beyond-electric-cars\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">new heights of success and notoriety<\/span><\/a><span style=\"font-weight: 400;\">. In this instance, strong leadership, vision and innovation drove them forward.<\/span><\/p>\n<h2><b>Extinction of Fortune 500s? Innovate to stay relevant<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Of course, businesses have to adapt to stay relevant and profitable. If they can\u2019t (or won\u2019t) adjust, they\u2019ll eventually perish. This sounds obvious, but it could catch some of today\u2019s \u201cbig fish\u201d off guard.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A recent study of C-suite executives in the US and Europe see digital disruption as one of the biggest threats, predicting that <\/span><a href=\"https:\/\/www.information-age.com\/65-c-suite-execs-believe-four-ten-fortune-500-firms-wont-exist-10-years-123464546\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">40% of Fortune 500 companies<\/span><\/a><span style=\"font-weight: 400;\"> will be \u201cwiped out over the next decade.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Leaders who embrace technology will make their businesses more agile, able to disrupt industries and compete against top-industry players. Likewise, leaders will need to adapt to social and cultural shifts\u2014and leadership can\u2019t just stay the course and operate the same way for decades on end.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The oil and gas industry, as one example, has increasingly come under fire for the environmental repercussions of its practices. However, despite these criticisms, many of the top producers continue operating the way they always have. While there are many other factors at play, there will always be opportunities to innovate, adapt and improve a company\u2019s social and environmental impact.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Civitas Resources, Colorado\u2019s first carbon neutral energy producer, leadership saw an opportunity to do things differently, and have done so with <\/span><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/making-the-world-a-better-place-innovative-businesses-that-are-giving-back\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">their orphaned well project<\/span><\/a><span style=\"font-weight: 400;\">. The company\u2019s Chairman, Ben Dell, announced that Civitas would plug dozens of wells that were abandoned by other operators in and around Colorado. By making a commitment to do the right thing, they are improving their environmental footprint and taking responsibility for mitigating their lasting effects.<\/span><b><\/b><\/p>\n<h2>Innovate to differentiate<\/h2>\n<p><span style=\"font-weight: 400;\">Innovation is about pushing into new territories\u2014and when done effectively\u2014can support your efforts to differentiate from your competitors. This can help you improve processes and products, which can help you stand out in an oversaturated market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A great example in the notoriously competitive retail industry, <\/span><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/making-the-world-a-better-place-innovative-businesses-that-are-giving-back\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bombas<\/span><\/a><span style=\"font-weight: 400;\"> has been shaking up the athletic apparel industry with its premium-made, cost-conscious socks. <\/span><a href=\"https:\/\/www.cheatsheet.com\/entertainment\/shark-tank-bombas-shows-biggest-success-story-gives-to-homeless-organizations-each-item-sold.html\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Their \u201csell one-donate one\u201d mission<\/span><\/a><span style=\"font-weight: 400;\"> dictates that the company donates one item for every item sold to homeless organizations across North America.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To date, Bombas has made $100 million in profit and has donated 35 million pairs of socks to those in need. This has allowed the online retailer to compete against big industry players while also making a difference in people\u2019s lives.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17984 size-large\" src=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/working-towards-a-future-1030x687.jpg\" alt=\"working towards a future - leading with innovation\" width=\"1030\" height=\"687\" srcset=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/working-towards-a-future-1030x687.jpg 1030w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/working-towards-a-future-300x200.jpg 300w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/working-towards-a-future-768x512.jpg 768w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/working-towards-a-future-1536x1024.jpg 1536w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/working-towards-a-future-2048x1365.jpg 2048w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/working-towards-a-future-1500x1000.jpg 1500w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2022\/07\/working-towards-a-future-705x470.jpg 705w\" sizes=\"auto, (max-width: 1030px) 100vw, 1030px\" \/><\/p>\n<h2>Working towards a brighter future<\/h2>\n<p><span style=\"font-weight: 400;\">For long-term organizational success, leading with innovation is vital. But it takes time, persistence and investment. When done well, it can help build trust and fuel \u2018innovation thinking\u2019 that is adopted further down the organization.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Innovation can also require increased working capital to keep up with manufacturing, inventory, payroll, R&amp;D, operational expenses and to launch new strategic initiatives.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you or your client have an opportunity to take a step towards innovation, but need additional cash flow, alternative funding such as <\/span><a href=\"https:\/\/liquidcapitalcorp.com\/funding-solutions\/invoice-factoring\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">invoice factoring<\/span><\/a><span style=\"font-weight: 400;\"> can help. By turning open invoices into positive cash flow, you can continue innovating while being assured you\u2019ll have the funds to meet the demands of the business.<\/span><\/p>\n<hr \/>\n<h2><b><a href=\"https:\/\/liquidcapitalcorp.com\/principal-finder\/\" target=\"_blank\" rel=\"noopener\">Get in touch<\/a> if you\u2019d like to learn more about funding options as you take the next steps in your business growth.<\/b><\/h2>\n<p>&nbsp;<\/p>\n<blockquote><p><em><b>UP NEXT: <\/b><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/making-the-world-a-better-place-innovative-businesses-that-are-giving-back\/\"><b>Discover how these companies are leading with innovative business practices<\/b><\/a><b>.<\/b><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Only 18% of execs have the skills needed to lead. As markets, technology and workplaces evolve, leaders will meet significant challenges and will need to brush up on their foundational skills. Get ahead by leading with innovation in all areas of the business. As a business leader, it can be hard to know exactly where [&hellip;]<\/p>\n","protected":false},"author":120,"featured_media":17987,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,144],"tags":[216,188,182,186,170,178,268],"class_list":["post-17977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-invoice-factoring","tag-business-challenges","tag-business-funding","tag-business-growth","tag-business-strategy","tag-business-tips","tag-cash-flow","tag-leading-with-innovation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Supercharge growth by leading with innovation<\/title>\n<meta name=\"description\" content=\"Get ahead of shifts in the market, technology and workplace by leading with innovation in all areas of the business.\" \/>\n<meta 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