Tag Archives: Risk and Return

The Three R’s of Innovation – Risk, Reward, and Resources

The Three Rs of Innovation – Risk, Reward, and Resources

Is it innovation or continuous improvement or is it innovation? Is it regular innovation or disruptive innovation? Is it new enough or too new? These questions are worse than meaningless as they suck emotional energy from the organization and divert emotional energy from the business objective. With every initiative, there are risks, rewards, and resources. Risk generally tracks with newness, ...

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Innovation Risk & Return: Horizons, Uncertainty and the Teddy Bear Principle

I’ve had a couple of interesting conversations recently focused on the strategic view of innovation using the 3 Horizons framework originally proposed by McKinsey, and the assessment of risk and return from innovation. The 3 Horizons approach can be used to manage different areas of future business concurrently, albeit with different managerial approaches given the different requirements and characteristics.

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