Audio By Carbonatix
Insight
Innovation is not an event, it’s a system. CEOs must create an environment where ideas are encouraged, tested, and scaled effectively.
Key Strategies:
1. Set Clear Innovation Priorities – Tie innovation to strategic goals.
2. Promote Fast Experimentation – Low-cost pilots and rapid prototyping.
3. Allocate Innovation Funding – Support promising concepts early.
4. Collaborate Externally – Partner with startups, universities, and innovators.
5. Reward Creative Thinking – Recognize teams that challenge the status quo.
CEO Leadership Actions
✅ Attend innovation reviews personally.
✅ Build cross-functional innovation squads.
✅ Remove bureaucracy that slows creativity.
Actionable Tip.
- Choose one customer pain point—challenge your team to design a new solution this month.
Why This Matters?
Innovation drives growth, competitive advantage, and long-term relevance.
About the Author.
Ernest De-Graft Egyir, CEO advisor and Founding CEO of Chief Executives Network Ghana, convenes the Ghana CEO Summit and served on Ghana’s Economic Dialogue Planning Committee.
Latest Stories
-
Absa Bank named winner of Bancassurance Leadership Award at 2026 Ghana Insurance Awards
8 minutes -
Mr. Aloysius Kwesi Acquah Snr aka Kwesi Anfo
20 minutes -
NACOC’s cocaine suspects arrest commendable, but it cannot run on ‘charity’ to fight drug cartels
29 minutes -
Gov’t cannot deny what it has already set in motion – Former NaCCA boss challenges Mahama on Arabic, Chinese policy
41 minutes -
Telecel Foundation marks Fetu Afahye with HealthFest
57 minutes -
IEAG calls for urgent intervention to decongest ports
1 hour -
Strong financial, technical capacity non-negotiable for Accra-Kumasi Expressway – Agbodza
1 hour -
Ghana risks losing import trade to Abidjan – IEAG
1 hour -
Driver fined GH¢900 for dumping concrete on Madina-Adenta Highway
2 hours -
Police interdict officer over death of 23-year-old law student
2 hours -
Accra-Kumasi Expressway: Only nation-wreckers will oppose project – Frank Amoakohene
2 hours -
Emerging agri-journalists gather in Croatia for global event
3 hours -
PPI Ghana congratulates Dr Abdul-Baasit Aziz-Bamba: Ghana needs a proper reset on value for money
3 hours -
Kasise Ricky Peprah writes: GBA’s face must be called out – for the record
4 hours -
Bernice Offei battled dementia for five years before death, former manager reveals
4 hours