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HBR On Leadership

How the Best Leaders Develop and Spend “Innovation Capital”

21 min24 december 2025

Nathan Furr, professor of strategy at INSEAD, researches what makes great innovative leaders, and he reveals how they develop and spend “innovation capital.” Like social or political capital, it’s a power to motivate employees, win the buy-in of stakeholders, and sell breakthrough products. Furr argues that innovation capital is something everyone can develop and grow by using something he calls “impression amplifiers.” Furr is the coauthor of the book Innovation Capital: How to Compete—and Win—Like the World’s Most Innovative Leaders.

Key episode topics include: leadership, innovation, power and influence, persuasion

● Listen to the original HBR IdeaCast: Why You Need Innovation Capital — And How to Get It
● Find more episodes of HBR IdeaCast
● Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org

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