Balancing Innovation and Risk
28mIntermediate2020-04-02
Authors
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
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
0. Introduction
- 01 - Challenge your risk tolerance
1. Habits for Healthy Innovation
- 02 - Discover the five phases of innovation
- 03 - Build an innovation strategy
- 04 - Commit to innovation
- 05 - Define a smart risk
2. Power Tools for Risk-Taking
- 06 - Evaluate ideas like a pro
- 07 - Measure innovation when it counts
- 08 - How top innovators manage risk
- 09 - Achieve a balanced innovation portfolio
Conclusion
- 10 - Experiment bravely, strategize often
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