Organizations are falling far short of strategic needs when it comes to innovation, according to a recent survey from Korn/Ferry, an executive recruitment firm. CIOs and other key executives feel that their companies simply aren't inspired enough to push forward with game-changing ideas, or they're simply not structured in a way to foster this, according to the survey. And the vast majority of these executives say the CEO is to blame. "CEOs and companies talk so often about the need for innovation," says Jane Stevenson, vice chairman and managing director of Korn/Ferry's Board and CEO Services and author of the book Breaking Away: How Great Leaders Create Innovation that Drives Sustainable Growth. "It is practically a clichÃ©. Yet, far too many fail to create the innovation that drives sustainable, top-line growth. Companies that have truly mastered innovation are driven by courageous leaders who understand that leadership and innovation are inextricably linked." More than 300 executives worldwide took part in the survey.
54% of respondents are less than satisfied with the level of innovation in their companies.
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