DEVELOPING FUTURE LEADERS: THE ROLE OF HUMAN RESOURCES IN FOSTERING INNOVATIVE LEADERSHIP

Bojana Teofilovic; Marko Starcevic

doi:10.35120/sciencej0304135t

Authors

Bojana Teofilovic Belgrade Business and Arts Academy of Applied Studies, Serbia
Marko Starcevic Belgrade Business and Arts Academy of Applied Studies, Serbia

DOI:

https://doi.org/10.35120/sciencej0304135t

Keywords:

Human Resources, Innovation, Human Capital and Corporate Culture

Abstract

The development of future leaders is a critical issue for modern organizations facing increasing challenges and rapid changes in the business environment. Leadership skills are multifaceted, as leaders are a blend of numerous professional activities and competencies that, through innovation, open the door to the future. Therefore, the foundations of leadership are directly linked to the tools and skills managers must possess to navigate the dynamics of global business practices. For organizations aspiring to remain competitive in a dynamic environment, the development of future leaders is crucial. Human Resources (HR) play a significant role in identifying, developing, and empowering innovative leaders who not only keep pace with change but also shape it. The essence of developing HR towards the future lies primarily in creativity based on knowledge, the development of human capital, and a corporate culture with a multidimensional aspect. HR is a multidisciplinary organizational function that draws on theories and ideas from various fields such as management, psychology, sociology, and economics. There is no single best way to manage human resources, nor has any manager formulated an effective approach to HR management, as people are complex beings with complex needs. Effective HR management largely depends on the causes and conditions provided by the organizational environment. Therefore, this research addresses how HR can promote leadership development through strategies that support innovation in leadership, leadership team diversity and skills, transparency, principles of decentralized leadership, and emotional intelligence. Special emphasis is placed on innovative approaches that enable leaders to develop critical thinking, agility, and the ability to solve complex problems in changing situations. The paper also analyzes the methods organizations can use to cultivate a culture of innovative leadership and the challenges faced by HR teams in these processes. A key objective of this research is to analyze contemporary practices and provide insights into the critical elements necessary for building innovative leadership within organizations to meet future challenges.

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