How to get more good ideas and avoid the bad ones?
Managing ideas is a complex process that involves evaluating them, learning from the mistakes and avoiding bad decisions. The problem is that distinguishing good and bad ideas is not always straightforward. Innovation requires a combination of timing, team, and execution, and even the best ideas may fail to take off if the conditions are not right. Bias is another critical factor that determines the success of an innovation program. Choosing whether to avoid false positives or false negatives requires a clear understanding of the trade-offs involved. Managing the process effectively is key to getting more innovation.