Innovation : All about Risktaking
-
Upload
robert-brands -
Category
Business
-
view
324 -
download
3
description
Transcript of Innovation : All about Risktaking
![Page 1: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/1.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
In order to succeed, Failure and Risk taking are one of the biggest challenges to
overcome in Innovation
Rule #4 No Risk… No Innovation
![Page 2: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/2.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
H.M. Robert created Robert's Rules of Order in 1876.
Bringing order out of chaos in a meeting.
Innovation requires a similar Structured RepeatableProcess
“Robert’s Rules”
![Page 3: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/3.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC. 3
Offers the imperatives to deliver profitable growth by
Creating and Sustaining “NEW” in Business and organizations
Ten Rules...
![Page 4: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/4.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
Innovation = Creativity x Risk Taking
INNOVATIONRule #4 No Risk… No Innovation
![Page 5: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/5.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
Expect to Fail before you succeed,Therefor,
Risk Taking is all about
Failure Management
INNOVATIONRule #4 No Risk… No Innovation
![Page 6: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/6.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
Failure Management :Need to Establish a Risk Profile:
Define the Risk BandwidthHow much is OK?What budget and time is OK to spend to just
learn
But...
INNOVATIONRule #4 No Risk… No Innovation
![Page 7: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/7.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
The real challenge and question is
How do you handle or manage Failure ?
INNOVATIONRule #4 No Risk… No Innovation
![Page 8: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/8.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
Translate Failure into a “A Learning Experience”
INNOVATIONRule #4 No Risk… No Innovation
![Page 9: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/9.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
Failure as a “A Learning Experience”
Failure now becomes a positive experienceLearned what not to doLearned what does not workDiscover possible alternative solutions
INNOVATIONRule #4 No Risk… No Innovation
![Page 10: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/10.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
Thomas Edison: “learned thousands of times how not to light a bulb vs seeing
development as failures
Dyson : It took over 5127 prototypes to create the desired vacuum cleaner
INNOVATIONRule #4 No Risk… No Innovation
![Page 11: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/11.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
True Leadership tolerates failure: J&J:“Failure breeds success”IBM:“Double your failure rate to increase success rate”
INNOVATIONRule #4 No Risk… No Innovation
![Page 12: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/12.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
INNOVATION®
I nspire & InitiateN o risk… No InnovationN ew Product Development process O wnershipV alue creationA ccountabilityT raining & Coaching I dea management processO bserve & MeasureN et Result… & Reward
Robert’s Rules of
![Page 13: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/13.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
Tools, Resources, Blog, Tips
www.RobertsRulesofInnovation.com
![Page 14: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/14.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
![Page 15: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/15.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
WWW.INNOVATIONCOACH.COM
![Page 16: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/16.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
• Innovation is a Must
• Innovation takes imperatives and Robert’s Rules of Innovation™
• Innovate today
Take away
![Page 17: Innovation : All about Risktaking](https://reader036.fdocuments.in/reader036/viewer/2022070319/5584caf8d8b42ae5138b4c00/html5/thumbnails/17.jpg)
Copyright © 2013 Brands & Company, LLC.Copyright © 2013 Brands & Company, LLC.
www.robertsrulesofinnovation.comwww.innovationcoach.com
[email protected] : @innovationrules
Look for