Role Innovation Behavior of Managerial Personnel in Indian Banking and Insurance Enterprises of Public Sector:An Empirical Study

The present study is aimed at assessing the efficacy of role innovation behavior and other aspects of role efficacy of managerial personnel as well as at studying the various factors that determine the efficacy of such aspects using the well tested three measures. Efficacy as regards to various aspects, by and large, was found at moderate level in the study organizations and across the management levels. A fairly high degree of positive correlation was found between overall role efficacy and each of the ten aspects; however, moderate or low degree positive correlation was found between the various aspects. Various determinants, viz., role clarity, managers’ need for achievement, facilitating work environment, organizational image, organization’s bureaucratic system and managers’ capability for resource utilization were perceived as favorable/facilitating for role innovation by the managerial personnel of the study organizations. Incremental innovations are an important source of change in organizations and innovations in this sense are easier to implement provided culture of innovation prevails in organizations. Innovation is itself the cause of further innovations and the accumulated impact of incremental innovations would eventually develop the culture of innovation, generate access to key resources and create a competitive orientation, which would in turn lead to the creation of radical innovation.