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Summary.
What makes a company innovative? In the words of Steve Jobs: “It’s not about money. It’s about the people you have, how you’re led and how much you get it.” Several studies attest to the truth behind Jobs’ assertion, showing that leaders play a key role in determining a firm’s innovation success. For instance, overconfident CEOs, CEOs with sensation seeking personalities, and those with general managerial experience have all been shown to make their company more innovative.