IDEASCALE BLOG

Tag: risk

5 Ways Risk-Averse Thinking Can Lead to Successful Innovation

Person holding a lightbulb.

Risk is often considered a crucial aspect of innovation, but it is not necessarily what drives success. Research shows an aversion to risk can spark creativity. In his book, Originals: How Non-Conformists Move the World, Adam Grant discusses how those who are not risk-takers can drive progress. Grant’s findings revealed original people are not “big risk-takers.” Rather than … Continued

The Complex Relationship Between Innovation and Risk

Relationship Between Innovation and Risk

Risk vs. reward can be a hard thing to balance. All of business, it has been argued, boils down to weighing the likely rewards of a decision against the likely risk. The problem with any innovation strategy is that, at some point, innovation runs into this equation. Any innovation, to some degree, is a risk. … Continued

Courage to Fail

Our attitude towards failure is an evolving concept and it also varies a lot depending on the country, the culture, and the individual. It can be very frightening. In fact, one study found that more people are afraid of failure than are afraid of spiders, ghosts, and being in an empty house. However, an investigation … Continued

How to Foster Innovation in a Risk-Averse Environment

Risk aversion can make innovation difficult. How do you get around your company’s aversion to risk? There’s only a limited appetite for risk in any company, of course, but where some will enthusiastically embrace it, others hate risk so much even the whiff of it drives them away. So, how do you drive innovation in … Continued