Building an Innovation Culture: Risk, Fear & the Role of Failure

  Innovation  

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Overview

Many organizations prefer not to share the details or the frequency of their failed innovation initiatives. Only after sifting through disparate research we are able to piece together a sense of how frequently failure is the outcome and what we should really expect from an innovation success rate. When we realize that failure is a much more common outcome we also recognize that planning for only success can become an organization’s Achilles’ heel. In this scenario failure has dire consequences to both the individual and the organization. By addressing these facts upfront we can learn to better deal with the underlying risks and fear that surround innovation failure. This session will review the data behind innovation failure, examine how risk / fear impact the individual, and discuss a few tools and techniques that organizations and individuals can use to address these challenges.

Learning Objectives

Many organizations prefer not to share the details or the frequency of their failed innovation initiatives. Only after sifting through disparate research we are able to piece together a sense of how frequently failure is the outcome and what we should really expect from an innovation success rate. When we realize that failure is a much more common outcome we also recognize that planning for only success can become an organization’s Achilles’ heel. In this scenario failure has dire consequences to both the individual and the organization. By addressing these facts upfront we can learn to better deal with the underlying risks and fear that surround innovation failure. This session will review the data behind innovation failure, examine how risk / fear impact the individual, and discuss a few tools and techniques that organizations and individuals can use to address these challenges.

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Talent Triangle Alignment

This video qualifies for the following PDUs:

PMP/PgMP CAPM PMI-ACP PMI-SP PMI-RMP PfMP PMI-PBA DASM DASSM DAC DAVSC PMI-CP PMI-PMOCP PMI-CPMAI Ways of Working 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Power Skills 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Business Acumen 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 1.00 1.00 Total 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 1.00 1.00

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Acknowledgements: Mick Kuehn, Gina Lund, Kimberly Johnson, Cheri Falkner, Marjorie Anderson and Brian Cohn