Final answer:
Innovative leadership displayed by Nadella and Hastings is characterized by collaboration, customer focus, and cultural readiness for change, with Nadella emphasizing a transformational strategy and Hastings a disruptive approach.
Step-by-step explanation:
The key attributes or actions of innovative leadership demonstrated by Nadella and Hastings relate to their ability to drive transformation within their respective companies, Microsoft and Netflix. Nadella is known for fostering a culture of collaboration and learning, emphasizing the importance of inclusive and empathetic leadership. He steered Microsoft away from its traditional operations to a cloud-first, mobile-first strategy, enhancing its competitiveness in the technology sector. On the other hand, Reed Hastings at Netflix has been a purveyor of innovative thinking through a focus on customer-centric content delivery and organizational flexibility. His leadership facilitated the shift from a DVD rental business to a streaming giant, championing the development of original content.
While both leaders place innovation at the core of their business strategies, they exhibit some differences in their approaches. Nadella’s leadership shows a more transformational style, underpinned by efforts to change the organizational mindset and encouraging growth among employees. Hastings, conversely, leans more towards a disruptive innovation approach, altering the fundamentals of the entertainment industry and how content is consumed. Yet, both have created cultures that support experimentation and agile responses to market changes.
In conclusion, the key attributes of innovative leadership demonstrated by Nadella and Hastings include fostering collaboration, driving customer focus, embracing transformative and disruptive innovation respectively, and creating a culture ready for change.