How Can The Risks of Innovation Be Addressed?

How Can The Risks of Innovation Be Addressed?

Change is inevitable, yet businesses often find it challenging to embrace the risks associated with innovation. With seemingly infinite variables to consider, it's no surprise that many executives feel they're not out-innovating their competitors. To help manage the risks, it is necessary to create a culture of innovation that rewards risk-taking, celebrates progress, connects innovation with execution, iterates, and balances innovation portfolios. It takes time to build momentum and support for innovation, but with the right people, culture, and processes, navigating uncharted waters can be smooth sailing.

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