To foster effective communication and collaboration, I would establish regular cross-departmental meetings and use collaborative tools like shared dashboards and project management software. Encouraging open dialogue and feedback loops would ensure that all teams are aligned with the division's goals. Additionally, I would promote a culture of transparency and inclusivity, where ideas and concerns are openly discussed and addressed.

In such a scenario, I would first identify the root causes of the underperformance through data analysis and one-on-one meetings. Next, I would develop a targeted improvement plan, which might include additional training, restructuring workflows, or adjusting resources. Regular follow-ups and performance reviews would be essential to monitor progress and make necessary adjustments.

In a previous role, I had to decide on a budget cut that affected several departments. I conducted thorough cost-benefit analyses and prioritized projects based on their strategic importance. By communicating the rationale behind the decision transparently and offering support to those affected, I minimized resistance and maintained team morale.

I believe in a hands-on approach to leadership development, providing regular feedback and opportunities for growth. I would assign challenging projects, offer mentorship, and encourage participation in leadership training programs. By setting clear expectations and goals, I would help my direct reports enhance their skills and prepare for future leadership roles within the organization.

To maintain innovation, I would foster a culture that encourages experimentation and rewards creativity. Regularly reviewing industry trends and competitor strategies would inform our innovation efforts. I would also allocate resources for research and development, and collaborate with external partners to bring fresh perspectives and technologies into the division.