Northrop Grumman Ceo Says Leaders Play Role In Shaping Innovation Culture

Main navigation Johns Hopkins Legacy Online packages Faculty Directory Experiential studying Career sources Alumni mentoring program Util Nav CTA CTA Breadcrumb Northrop Grumman CEO Says Leaders Play Role in Shaping Innovation Culture For Northrop Grumman CEO Wes Bush, there are two keys to creating a prosperous tradition of innovation within a company: discouraging risk aversion and inspiring diversity. Leaders play a key function in establishing each. According to Bush, it is incumbent upon leaders to abandon a threat averse mindset in favor of a threat management strategy. This cautious distinction, Bush says, will create a local weather where failure just isn't feared but embraced as a essential element to the innovation course of. “Business leaders in any business must work exhausting to squelch that very human trait that often drives folks to avoid failure â€" or even the notion of failure,” Bush mentioned. “Failures are inherent in pushing expertise to its most. If you will have actual innovation, you’ve obtained to push the expertise.” Bush said he also believes that managing and overcoming failure is a trait he values when trying to identify future leaders within Northrop Grumman. “When I look for leaders to advance in our company, I look for those who have skilled failure and have realized from it; that’s often essentially the most useful studying anyone can receive,” he stated. The second prong of leading innovation, Bush says, is fostering variety. “We know that numerous pondering and an inclusive setting generates higher ideas and fosters stronger staff dedication, collaboration and engagement â€" all of that are very important components of innovation,” Bush said. Bush delivered the remarks last week in entrance of Johns Hopkins Carey Business School students and college, as well as members of the general public, at the school’s Harbor East Campus; Bush spoke on the topic of innovation and management as a part of Carey Business School’s Leaders+Legends speaker collection. To view the complete video of his speech, click right here. Also in the remarks, Bush recounted his rise from an MIT graduate and engineer to the CEO of Northrop Grumman, labeling himse lf “an accidental CEO.” Since Bush was named CEO in 2006, Northrop Grumman’s inventory worth has greater than doubled. Bush also touted the company’s recent progressive products, particularly the event of unmanned aircraft and the James Webb Space Telescope. Click right here to learn a full transcript of Bush's remarks. The subsequent Leaders+Legends will feature Amtrak CEO Joseph Boardman. It shall be held from 7:30 to 9 a.m. Thursday, April 30 on the Carey Business School’s Harbor East Campus, 100 International Drive, Baltimore. To register for the occasion, click here. Posted 100 International Drive