Balancing Innovation and Risk

Balancing Innovation and Risk

28mIntermediate2020-04-02

Authors

Lisa Bodell

Lisa Bodell

CEO of futurethink

Course details

According to Harvard Business Review, organizations with a mix of high- and low-risk innovation activity significantly outperform the competition.* Author and CEO Lisa Bodell guides you through the importance of smart risk-taking in innovation. From evaluating ideas and managing your pipeline to setting metrics that connect to your innovation goals, you’ll find practical strategies for risk-taking in your own business

Topics include:
- Challenging your risk tolerance
- Applying the five phases of innovation
- Developing an innovation strategy
- Committing to innovation
- Defining a smart risk
- Managing your idea pipeline
- Evaluating ideas like a pro
- Measuring innovation when it counts
- How top innovators manage risk
- Achieving a balanced innovation portfolio

Skills covered

Business StrategyBusiness Analysis and StrategyLeadership and ManagementDeep Dive (X:Y)

Concepts

Introduction

  • Challenge your risk tolerance

Habits for Healthy Innovation

  • Discover the five phases of innovation
  • Build an innovation strategy
  • Commit to innovation
  • Define a smart risk

Power Tools for Risk-Taking

  • Evaluate ideas like a pro
  • Measure innovation when it counts
  • How top innovators manage risk
  • Achieve a balanced innovation portfolio

Conclusion

  • Experiment bravely, strategize often