Tony Curl

Developing the MindsetFor Innovative Leadership

Tony “Coach” Curl

• 30 Years Retail Leadership• Certified Leadership Coach• Certified Empowerment Coach and

Human Behaviour Specialist• Newly Published Author• Thought Leader

Walk-Through

• Key Findings from Study of Australian Leadership on Innovation*

• Characteristics of Innovative Companies

• Summary of other studies• Key Takeaways

*Study of Australian Leadership. Leadership at Work. Do Australian Leaders Have What it Takes? 2016Melbourne University, Centre for Workplace Leadership

What Is Innovation?*

Two dimensions of innovation relating to: (1) creating products and services that go beyond what is expected by existing customers, including experimentation and the creation of new opportunities and markets (Radical innovation); (2) developments that improve efficiency and expand existing markets (Incremental innovation).

OR!

• Turning Ideas into Action

Innovation Output

Infrastructure

InstitutionsHuman Capital

& ResearchInnovation InputsRanked : 10Score: 64.8

Innovation OutputsRanked : 24Score: 45.6

HOW WE RANK.

CreativeGoods and

Services

Online Content

Human Capital – 9Institutions - 11Infrastructure - 4

Creative Goods – 7Online Content - 6

Global Productivity Index 2015Ranked : 17Score: 55.2

Innovation Efficiency RatioRanked : 72Score: 0.7

Knowledge isn’t the PROBLEM

As we transition from a resources based economyWe have to get better at converting the innovationInputs into outputs.

Key Finding

Innovation is a critical source of productivity growth and competitiveness. SAL shows that workplaces with more capable leaders are more innovative –regarding both incremental and radical innovation performance. It also confirms the importance of innovation for business performance*Study Of Australian Leadership

Gaps

Few Australian organisations report high levels of innovationInnovation drives growth and productivity. Yet most organisations struggle to turn knowledge and ideas into successful innovations.Too few (18%) private sector organisations report high levels of radical innovation. Surprisingly, public sector organisations were more likely than private sector organisations to have reported high levels on both types of innovation. However, findings show those organisations that do innovate successfully achieve superior performance outcomes.*Study Of Australian Leadership

It’s Not New!

• 1995 – Australia. Industry Task Force on Leadership and Management Skills. (Karpin Report)

• 2009- Management Matters in Australia

• 2016- Study of Australian Leadership

ALL cite a lack of leadership innovation.

Why Aren’t We Learning?

Key Characteristics of Innovative Companies• High Performance Work Practices• Learning Culture• Transformative Capability, the

ability to turn knowledge into action

• Self-efficacy of a leader is important

How It’s Changed

110

223

161

KMART TARGET BIG W

Profit 2008

Profit 2008

470

-195

-14.9KMART TARGET BIG W

Profit 2016

Profit 2016

Start Today

RELEVANCE

Lessons

Nokia's CEO Stephen Elop.

“we didn’t do anything wrong, but somehow, we lost”.

The Moral of the Story

“If you don’t change, you shall be removed from the competition.”

Ask Yourself Today:

“How Do I Stay Relevant with my Business?”

Success Is Your Responsibility

Intensely Curious

Vision – Goals - Priorities

Productive Relationship With Failure

Enjoy the Tough Stuff – It’s Small Steps

Make the World a Better Place

The Take-Aways

Innovative Leaders• Own their Success• Intensely Curious• Prioritize Vision• Are Productive with Failure• Enjoy the Tough Stuff• Making the World a Better Place

Innovative Companies• High Performance Work

Practices• Learning Culture• Transformative Capability, the

ability to turn knowledge into action

• Self-efficacy of a leader is important

Tony CurlP: 1300 824 287E: tony@tagb.com.au

thinkandgrowbusiness.com.au