How innovation is shaped by different types CEO power

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Companies undergoing digital transformation must be aware of its potential impact on how both the formal and informal power of CEOs can shape innovation. To maximize the benefits of going digital, an organization should ensure that its CEO wields enough formal authority to make and implement key decisions. It is equally imperative to enhance communication and knowledge sharing within the firm as a means of enabling leaders to build informal relationships and access the important knowledge, technologies and other resources needed to boost innovation as the digital transformation progresses. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.