The last few decades have seen the rise of a new kind of leader—the charismatic leader. With their radically different vision of the future, strong prophetic statements, and an ability to transform their followers by giving a mission-like meaning to their work, charismatic leaders are particularly suited to the dynamic business environments of today.
This research studies how charismatic leaders influence the culture of innovation in the companies they found and lead, what character traits of charismatic leadership have a positive impact on innovation and which get in the way of innovation. The research also looks at the readiness of the businesses to deal with innovation in the absence of their charismatic founder leaders.