Any endeavour that exceeds the skills and resources of an individual or that entails significant uncertainty and risk benefits from collaboration. At the same time, we have a very human inclination to share only the risk, while retaining the benefits for ourselves. This desire for selective sharing defines a love-hate relationship that applies to innovation as well.
Tag: risk
The innovator’s choice?
In a previous post I described the innovator's needs as a rather abstract concept: he needs access to skills, assets, and resources. But how can the innovator actually fulfil them? What choices does he have? Does he have a choice at all?
What the innovator needs …
There's an abundance of management literature offering advice on how to foster innovation in a business context. However, there is very little discussion on how the innovator's success critically depend upon the boundary conditions defined outside the business context. Today, I'll focus on how that larger context is directly relevant for the innovator's success.
On leadership
Innovation is an investment. Considerable resources are put aside, often for a long time, in hopes of some dividend at a later stage. This entails risk, and that requires leadership to deal with.
understanding innovation 