THE ROLE OF NON-EXECUTIVE TECHNICAL DIRECTORS IN FOSTERING COMPANY INNOVATION

Abstract

The long-term prosperity of a business depends heavily on innovation. Although many businesses have in-house R&D departments, the contribution of non-executive technical directors to innovation is often disregarded. The purpose of this study is to understand better the contribution of non-executive technical directors to corporate innovation. Semi-structured interviews with non-executive technical directors of different organizations were employed as a qualitative study strategy to collect data. The data was analyzed using a thematic approach to isolate common threads. According to the report, non-executive technical directors encourage creativity and new business ideas. The insights and technical knowledge they bring to the boardroom support the company's innovation strategy. Non-executive technical directors also serve as a link between the company's technical personnel and the board, ensuring that innovation projects are in line with the company's overall strategy. A company's innovation ecosystem must include non-executive technical directors. Their capacity to bridge the gap between the technical and business sides of the organization, as well as their technical experience and strategic thinking, make them invaluable to the company's innovation initiatives. Businesses that place a high priority on the position of non-executive technical directors in their strategic plan are more likely to have long-term success and development.