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Innovators don't take more risk
Research has shown that innovators and entrepreneurs don't take more risk than the average person. However, they are more comfortable making decisions in uncertainty.
They have a set of skills that allows them to navigate in uncertainty. These skills can be learned and practised by anyone to improve their innovation skills.
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The two categories of innovation
- Delivery skills. Skills include quantitative analysis, planning, detail-oriented implementation, disciplined execution.
- Discovery skills. Theses skills are more involved in developing ideas and managing uncertain situations. It includes the abilit...
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588 reads
Innovation now and in the future
Uncertainty and change can create opportunity and a need for innovation.
The pandemic has revealed many problems that are ripe for innovative solutions. Practices that were until recently on the fringe of acceptance are now accepted by mainstream society, such as teleheal...
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535 reads
Risk and uncertainty
- Risk is when the factors that determine success or failure are out of your control, but the odds of success are known.
- Uncertainty is when the factors that determine success or failure are not out of your control but are simply unknown. It is play...
167
738 reads
The PEP model of successful entrepreneurs and innovators
- P - assion: Successful innovators are passionate about the problem they are trying to solve and will share the passion with everyone.
- E - xperience: Innovators have experience with the problem they are solving, yielding valuable insight and knowled...
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564 reads
CURATED FROM
You too can be a great innovator, if you just learn to work with this
fastcompany.com
5 IDEAS
·3.96K Reads
CURATED BY
"With great power comes great responsibility". We all know who said that, but it's so true.
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Risk and Arrogance
Once you understand a system, you can change some risk into uncertainty. Sometimes you can do this completely, but other times you can limit your range of uncertainties to a calculable level.
More knowledge allows you more controlled risk. However, sometimes, peopl...
Remote decision making
I asked several top managers from various industries what are the pros and cons of the remote decision-making process. The fact that they identified several disadvantages and talked more about each can be a sign that the process is neither optimal nor qualitative.
+ All the...
Types of people
Category 1: Losers
People who always see negative in everything and put in the least amount of effort or no effort at all. They are least bothered about what is happening around them. They will only crib and complain about how the world is. They will say someth...
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