The essence of innovation in a company goes beyond merely being a frontrunner in generating new ideas. It also involves the ability to recognize when to pivot and take bold steps to gain an advantage, especially when lagging behind competitors. This dual capability demonstrates a deeper understanding of leadership and strategy in the ever-evolving business landscape.
In Walter Isaacson's book "Leadership Lessons from Steve Jobs," it is emphasized that successful innovation requires both creativity and strategic execution. Companies should not only focus on their original ideas but also on adapting and taking calculated risks to overcome obstacles and seize opportunities. This balance is crucial for sustainable success.