Several factors must be in place to enable innovation to happen. It is recognised that the availability of information and information management tools and leadership style can all have major impacts on the effectiveness of innovation processes. Many problem solving methods exist for decision making and these can be used for innovation. However, any method requires adequate quality of information as an input. The purpose of this paper is to discuss the role that quality of information can play in innovation, leadership styles and use of various information / knowledge management techniques. In this work, Profile Theory is used as a tool for the analysis and measurement of information capabilities and compatibilities to ensure the required quality of information.