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Advanced Guide: How to Take Better Risks During Innovation

Published by: Futurethink

Published: Jan. 1, 2008 - 26 Pages


Table of Contents



INTRODUCTION. Innovators take smart risks. Not stupid risks.

PART ONE: LEARN FROM THE LEADING INNOVATORS

Role Models. How the leading innovators take smart risks

Smart vs. Stupid Risks. What kind of risk is your company taking?

PART TWO: DEFINE THE APPETITE FOR RISK IN YOUR ORGANIZATION

Starting Out. Issues to consider before you begin

“Appetite for Risk” Tool. A customizable tool to set your acceptable level of risk

Jumpstarts. Practical ways to bring innovation to life in your organization

Blind Spots. Insights to combat naysayers while executing your plan

Signs of Success. Hard and soft metrics to know if you’re being effective

Suggested Roadmap. A methodical approach to roll out a program of smart risk-taking

PART THREE: RESOURCES TO LEARN MORE

Google This. Search terms to help you learn more

Sources and References. Online and offline sources for additional information

Abstract

Do you want to develop a culture that takes better and smarter risks? Companies looking to be innovative have a real challenge when it comes to building a climate that is comfortable with risk. The key is clearly setting boundaries for risk-taking and learning how to best function within those boundaries. This 26-page Tool will help you learn how the leading innovators define smart risks, craft a strategy for smart risk-taking in your organization, and arm yourself with information and tools to get support for your efforts.

What You Can Do with this Tool:

    * Discover real-life examples of how leading innovators like Novartis, Toyota, Google, and Intuit among others take smart risks.
    * Assess the appetite for risk in your company with a customizable tool.
    * Get practical advice on how to enhance smart risk-taking in your organization.
    * Learn common mistakes managers make so you can avoid them.
    * Get a suggested roadmap for action to help you move forward.
Please note - This product is delivered as a zip file.

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