One of the most controversial, and perhaps even misunderstood topics in innovation are the roles of risk and luck for innovation success. Do you have to get lucky to innovate successfully, or can you make your own luck? Is it always inherently risky to try to innovate, or can you manage risk by making smart [...]
In this article, you are going to learn exactly what Loss Aversion is, why is creates crippling fear in middle managers and decision-makers, and a simple model for how you can reframe your company's thinking which encourages more innovation projects to thrive. A few weeks ago, I was leading a discussion at Deloitte about exactly [...]
Some years ago I took on the challenge of building an innovation center and organization in China for a Fortune 500 firm. Full of excitement and passion, I started hiring some great talent and jumped headlong into the role of leader, coach, mentor and manager. Like so many other organizational leaders in China at that time, I [...]
