Innovation : All about Risktaking

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

http://www.robertsrulesofinnovation.com/no-risk-no-innovation



http://www.robertsrulesofinnovation.com/


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”

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...


Innovation = Creativity x Risk Taking

INNOVATIONRule #4 No Risk… No Innovation


Expect to Fail before you succeed,Therefor,

Risk Taking is all about

Failure Management



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...



The real challenge and question is

How do you handle or manage Failure ?



Translate Failure into a “A Learning Experience”



Failure as a “A Learning Experience”

Failure now becomes a positive experienceLearned what not to doLearned what does not workDiscover possible alternative solutions



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



True Leadership tolerates failure: J&J:“Failure breeds success”IBM:“Double your failure rate to increase success rate”



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





Tools, Resources, Blog, Tips

www.RobertsRulesofInnovation.com

http://www.robertsrulesofinnovation.com/



WWW.INNOVATIONCOACH.COM


• Innovation is a Must

• Innovation takes imperatives and Robert’s Rules of Innovation™

• Innovate today

Take away


www.robertsrulesofinnovation.comwww.innovationcoach.com

[email protected] : @innovationrules

Look for

http://www.innovationcoach.com/

mailto:[email protected]

http://www.amazon.com/Roberts-Rules-Innovation-Corporate-Survival/dp/0470596996/ref=sr_1_1?tag=innovcoach-20