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	<title>Roberts Rules of Innovation &#187; NO RISK.. NO INNOVATION</title>
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		<title>Innovation &amp; Best Practices, Then &amp; Now</title>
		<link>http://www.robertsrulesofinnovation.com/blogs/innovation-best-practices-then-now.html</link>
		<comments>http://www.robertsrulesofinnovation.com/blogs/innovation-best-practices-then-now.html#comments</comments>
		<pubDate>Tue, 13 Dec 2011 16:01:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[INSPIRE & INITIATE]]></category>
		<category><![CDATA[NO RISK.. NO INNOVATION]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[innovation best practices]]></category>
		<category><![CDATA[innovation coach]]></category>
		<category><![CDATA[robert's rules of innovation]]></category>

		<guid isPermaLink="false">http://www.robertsrulesofinnovation.com/?p=1105</guid>
		<description><![CDATA[Antarctica Thrives as Hub of New Thinking &#160; Exactly 100 years ago December 17, an explorer found glory upon the Antarctic continent. One month later, his rival met a bitter, sad end. Yet, both share lessons in the power of innovation built on best practices – and the pitfalls borne of haste and poor planning. [...]]]></description>
			<content:encoded><![CDATA[<p><em><a href="http://www.robertsrulesofinnovation.com/blog"><img class="alignleft size-medium wp-image-1108" title="Antarctica Thrives as Hub of New Thinking" src="http://www.robertsrulesofinnovation.com/wp-content/uploads/2011/12/IC-300x192.jpg" alt="" width="300" height="192" /></a>Antarctica Thrives as Hub of New Thinking</em></p>
<p>&nbsp;</p>
<p>Exactly 100 years ago December 17, an explorer found glory upon the Antarctic continent. One month later, his rival met a bitter, sad end. Yet, both share lessons in the power of <a href="http://www.innovationcoach.com/" target="_blank">innovation</a> built on best practices – and the pitfalls borne of haste and poor planning.</p>
<p>&nbsp;</p>
<p>Today, for those looking for rationales behind the need for innovation in pursuit of excellence, the race to the South Pole offers both cautionary tales and textbook examples of success and failure surrounding the innovation process for any business or mission.</p>
<p>&nbsp;</p>
<p>Norwegian Roald Amundsen and Englishman Robert Falcon Scott shared a dream of being first to the South Pole. Though they both were able and famed explorers of their day, their tales revealed the power of intensive research, planning and best practices.</p>
<p>&nbsp;</p>
<p>Yet where Scott decided to innovate on what he believed to be an ideal course of action, Amundsen – who, five years earlier, pioneered the Arctic’s Northwest Passage from the Atlantic to the Pacific – studied best practices of a culture half a word from his destination. In September, <a href="http://bit.ly/qpMTGb">National Geographic</a> marked the centennial of their explorations .</p>
<p>&nbsp;</p>
<p>Their examples of innovation range from the fine details to the mundane. Scott’s provisions, supplies and transport included 19 horses, 33 dogs as back-up, traditional wide-body sleds, and woolen clothing – all suited, or so he thought, to wintry exploration. To the contrary, each introduced inherent risk of failure. Horses’ hooves were ill-suited to trodding across snow and ice, which led to exhaustion in the harsh conditions. The wide sleds bogged down. Woolen wear soaked up human perspiration, which then froze to ice.</p>
<p>&nbsp;</p>
<p>Amundsen, on the other hand, invested more than a year planning his journey. He painstakingly researched life lived in extreme conditions. He lived with Eskimos and modeled his outerwear on the furs they wore. He innovated upon modern sleds by making them longer and narrower so as to spread their weight across a greater length. Knowing extreme conditions likely would lead to attrition of his dog teams, he brought 53 sled dogs.</p>
<p>&nbsp;</p>
<p>For mooring, he chose the Bay of Wales, or Ross Ice Shelf. Stationary for 80 years, it would provide the best shelter for his ship and base camp from strong winds. He built and provisioned three camps along the route. This way, his team would be lightened from carrying provisions the entire route. It’s a practice used by many explorers to this day.</p>
<p>&nbsp;</p>
<p>On December 17, 1911, Amundsen made it to – and a month later returned safely from – the South Pole. A month later, Scott arrived at the Pole, only to find Amundsen had beaten him there. With his horses having perished or been shot along the route, Scott and his men began the return trek by foot. Ultimately, they, too, perished in a blizzard within miles from their own base camp.</p>
<p>&nbsp;</p>
<p>Today, Antarctica remains a hub of innovation. Engineers are designing robots to navigate amid the extreme conditions. Architects who design living quarters used by scientists on the continent constantly are developing new buildings to withstand wind speeds topping 200 miles per hours and temperatures that can drop to 40 below zero.</p>
<p>&nbsp;</p>
<p>This month, a three-man team from Thomson Reuters will drive its revolutionary Polar Vehicle – outfitted with bio-fuel, solar panels, and the latest in real-time GPS satellite communications and tracking. Staged to beat the Guinness World Record South Pole overland journey of two days, 21 hours and 21 minutes, the effort also will mark the centennial of Roald Amundsen’s achievement.</p>
<p>&nbsp;</p>
<p>For those in search of innovation’s leading edge, it would seem Antarctica remains one of its final frontiers. One hundred years ago, Roald Amundsen realized – and Robert Falcon Scott lost his life to – the poles of innovation. Where Scott pursued his own vision of innovation, Amundsen followed well-modeled best practices as an imperative of smart innovation. In the end, he proved that innovating atop best practices maximizes the strengths of both.</p>
<p>&nbsp;</p>
<p>For more information on Amundsen see: <a href="http://www.visitnorway.com/en/What-to-do/Whats-on/Exhibitions/Nansen-Amundsen-Year-2011/">http://www.visitnorway.com/en/What-to-do/Whats-on/Exhibitions/Nansen-Amundsen-Year-2011/</a></p>
<p>Or <a href="http://www.amazon.com/Race-South-Pole-Expedition-Amundsen/dp/1441169822/ref=sr_1_2?s=books&amp;ie=UTF8&amp;qid=1323651590&amp;sr=1-2">Race to the South Pole</a></p>
<p>Follow Amundsen&#8217;s Daily Log 100 years ago:</p>
<p><a href="http://www.frammuseum.no/Blogs/Roald-Amundsen-s-blog.aspx" target="_blank">http://www.frammuseum.no/Blogs/Roald-Amundsen-s-blog.aspx</a></p>
<p>Robert F. Brands</p>
<p>(30)</p>
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		<title>Innovation Failure is a Learning Experience</title>
		<link>http://www.robertsrulesofinnovation.com/blogs/innovation-failure-is-a-learning-experience.html</link>
		<comments>http://www.robertsrulesofinnovation.com/blogs/innovation-failure-is-a-learning-experience.html#comments</comments>
		<pubDate>Mon, 24 Oct 2011 15:44:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blogs]]></category>
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		<guid isPermaLink="false">http://www.robertsrulesofinnovation.com/?p=1055</guid>
		<description><![CDATA[Nearly every attempt at success is met with failures along the way, and properly managing those failures can actually benefit the Innovation process. As an Innovation leader, do you celebrate failure and risk-taking in your organization? Doing so will broaden horizons and lead to more valuable ideas towards a culture of sustainable Innovation. &#160; Innovation [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.robertsrulesofinnovation.com/blog"><img class="alignleft size-medium wp-image-1057" title="Innovation Failure" src="http://www.robertsrulesofinnovation.com/wp-content/uploads/2011/10/innovation-failure-300x223.jpg" alt="" width="300" height="223" /></a>Nearly every attempt at success is met with failures along the way, and properly managing those failures can actually benefit the <a href="http://www.innovationcoach.com/" target="_blank">Innovation</a> process. As an Innovation leader, do you celebrate failure and risk-taking in your organization? Doing so will broaden horizons and lead to more valuable ideas towards a culture of sustainable Innovation.</p>
<p>&nbsp;</p>
<p>Innovation = Creativity x <a href="http://www.robertsrulesofinnovation.com/no-risk-no-innovation">Risk-taking</a>. And more likely than not, the bigger the innovation means the greater the chance of failure. In the pharmaceutical industry, 1 out of 1000 is considered a great success ratio. In the grocery business, the success rate for new product entries is 1 to 100.. Risk-taking will no doubt require failure management. In order to “manage failure,” an Innovation leader needs to define the risk and bandwidth that is OK to team members. Then if we fail, we make it a learning experience and praise people for it.</p>
<p>&nbsp;</p>
<p>Failure management means never allowing an unsuccessful risk to hamper a team member’s opportunities and advancement. Let your people feel safe to fail, but empower them to do their best work. After all, failure is not what team members should be thinking about during the <a href="http://www.robertsrulesofinnovation.com/new-product-development-process">New Product Development process</a>. Fear of failure can kill Innovation. Especially in a difficult economy where job security is in question, employees want to play it safe and are hesitant to take risks. In this type of environment the most important thing is to establish trust – so team members are willing to take the risks necessary to act, decide and move forward on the path to Innovation. An Innovation champion doesn’t just award successful ideas, but encourages a tolerance for failure and enthusiasm for risk-taking. Without risk, there can be no Innovation.</p>
<p>&nbsp;</p>
<p>Here are a few tips for encouraging your team members.</p>
<p>1. <em>Profiles in risk.</em> Clearly communicate the risk profile you are asking your people to adopt and state why it is important to the organization&#8217;s success.</p>
<p>&nbsp;</p>
<p>2. <em>Key learnings process.</em> Establish a formalized, non-accusatory process for harvesting key learnings from unsuccessful risks. Distribute these lessons learned.</p>
<p>&nbsp;</p>
<p>3. <em>Tools of the trade.</em> Give your people the tools they need to help them improve their risk-taking decisions.</p>
<p>&nbsp;</p>
<p>For more helpful tips, see <a href="http://www.amazon.com/Roberts-Rules-Innovation-Corporate-Survival/dp/0470596996/ref=sr_1_1?tag=innovcoach-20">&#8220;Robert&#8217;s Rules of Innovation: A 10-Step Program for Corporate Survival.&#8221;</a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
]]></content:encoded>
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		<title>Experimentation + Risk (+ Failure) = Improved Environment for Innovation</title>
		<link>http://www.robertsrulesofinnovation.com/blogs/experimentation-risk-failure-improved-environment-for-innovation-3.html</link>
		<comments>http://www.robertsrulesofinnovation.com/blogs/experimentation-risk-failure-improved-environment-for-innovation-3.html#comments</comments>
		<pubDate>Tue, 22 Feb 2011 16:29:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[NO RISK.. NO INNOVATION]]></category>

		<guid isPermaLink="false">http://www.robertsrulesofinnovation.com/?p=697</guid>
		<description><![CDATA[Innovation rarely occurs by accident, but is the result of calculated effort, work and risk taking. In the face of failure, it requires one to try, try and try again. Thomas Edison went back to the drawing board more than 6,000 times before finding the right material to create his incandescent light bulb. Six thousand [...]]]></description>
			<content:encoded><![CDATA[<p>Innovation rarely occurs by accident, but is the result of calculated effort, work and risk taking. In the face of failure, it requires one to try, try and try again.</p>
<p>Thomas Edison went back to the drawing board more than 6,000 times before finding the right material to create his incandescent light bulb.</p>
<p>Six thousand times. Do you have that kind of innovative stamina?</p>
<p><a title="innovation" href="http://www.innovationcoach.com">Innovation</a> is an experiment of sorts. It requires a culture of risk, opportunity and challenge. Moreover, for an organization to benefit from innovation, leaders and team members alike must welcome &#8211; and grow from &#8211; failure.</p>
<p>Innovation can only be achieved by taking risks. It may mean failing more times than succeeding in order to reap the sweet fruits of your labor in the end.</p>
<p>Rather than view failure as inherently bad, successful innovation requires that executives and teams commit to learning from each experiment gone bad &#8211; and incorporate those teachings into the next endeavor. <span id="more-697"></span></p>
<p>Because of a high failure rate, organizations pursuing the practice of Innovation must have a tolerance for failure. Not every idea will win. But each failure must be perceived as valuable in the trial-and-error process as a team seeks improvement. Tolerance for failure must be encouraged, as well as enthusiasm for risk taking. Without risk, there can be no reward.</p>
<p>To create a culture of innovation, organizations should:</p>
<p><strong>- Encourage well reasoned risk taking</strong>. The pursuit of innovation isn’t some fool-hardy flight of fancy. Encourage &#8211; or insist upon &#8211; a plan to be presented first, to ensure understanding and buy-in across the affected organization. Know your tolerance for risk and failure in the pursuit of innovation.</p>
<p>- <strong>Test.</strong> True innovation requires thorough testing in pursuit of success. Testing, measurement, and an accounting of what’s been learned &#8211; even in failure &#8211; brings measurable outcomes from successes and failures alike.</p>
<p>- <strong>Trust.</strong> Do you &#8211; as a CEO or team leader &#8211; trust your people to pursue new ideas on behalf of the company? Build a culture of trust in the individual’s pursuits &#8211; so long as safety measures are in place to safe guard against failure damaging the organization.</p>
<p>Most of all, avoid letting a failed concept kill your team’s motivation. Every idea should be given positive acknowledgment, every failure should be studied for “what went wrong,” and every success should receive appropriate reward. By providing your team with a culture of Innovation, their risk taking abilities will improve. And, as was the case with Mr. Edison, they eventually will see the light borne from their successful innovations.</p>
<p>Robert Brands is the founder of <a href="http://www.innovationcoach.com">InnovationCoach.com</a>, and the author of “<a title="robert's rules of innovation" href="http://www.robertsrulesofinnovation.com/" target="_self">Robert’s Rules of Innovation</a>” : A 10-Step Program for Corporate Survival, with Martin Kleinman which was published in April 2010 by Wiley (<a href="http://www.robertsrulesofinnovation.com/">www.robertsrulesofinnovation.com</a>).</p>
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		<title>Innovation Requires Risk Taking</title>
		<link>http://www.robertsrulesofinnovation.com/blogs/innovation-requires-risk-taking.html</link>
		<comments>http://www.robertsrulesofinnovation.com/blogs/innovation-requires-risk-taking.html#comments</comments>
		<pubDate>Mon, 15 Nov 2010 09:00:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blogs]]></category>
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		<guid isPermaLink="false">http://www.robertsrulesofinnovation.com/?p=661</guid>
		<description><![CDATA[“If you’ve never failed… you’ve never lived” is a popular video on YouTube describing the failures of people like Thomas Edison, once called “too stupid to learn” by his teacher and Walt Disney, who was fired from a newspaper for “lacking imagination”. Not every idea succeeds, and indeed, some of America’s most triumphant inventors, artists [...]]]></description>
			<content:encoded><![CDATA[<p>“If you’ve never failed… you’ve never lived” is a popular video on  YouTube describing the failures of people like Thomas Edison, once  called “too stupid to learn” by his teacher and Walt Disney, who was  fired from a newspaper for “lacking imagination”. Not every idea  succeeds, and indeed, some of America’s most triumphant inventors,  artists and entrepreneurs have most likely failed at some point in their  lives. But without risk and the possibility of failure, there can be no  <a href="http://www.innovationcoach.com/">Innovation</a> and no success. That is precisely one of “<a href="../../../../../">Robert’s Rules of Innovation</a>” imperatives: <a href="../../../../../no-risk-no-innovation">No Risk, No Innovation</a>.<span id="more-661"></span></p>
<p>The  success rate when it comes to innovation is very slim. In fact, just 1  in 100 new product entries succeed in the grocery business, according to  a study by allbusiness.com. For every innovative product that comes out  of the <a href="http://www.innovationcoach.com/category/best-books/new-product-development/">NPD process</a>,  there are plenty of ideas that don’t work out &#8211; deemed as failures.  What’s important is that companies have a tolerance for failure and  encourage risk taking.  Fear of failure can kill Innovation. Never  punish for failed ideas. Instead, learn from them how to improve in the  future. Establish a level of trust so your team won’t be afraid to think  outside the box. To build a successful culture of Innovation, encourage  everyone on your New Product Development team to take risks!</p>
<p>“Robert’s Rules of Innovation” gives five simple steps for encouraging initiative and Innovation. Here are some tips:</p>
<p><em>1<strong>.   Profiles in Risk</strong>: </em>Clearly  communicate the risk profile you are asking your people to adopt and  state why it is important to the organization’s success.</p>
<p><em>2.   <strong>Failure Management</strong>:</em> Never allow an unsuccessful risk to hamper a team member’s opportunities and advancement.</p>
<p><em>3.   <strong>Key Learnings Process</strong>:</em> Establish a formalized, non-accusatory process for harvesting key  learnings from unsuccessful risks.  Distribute these lessons-learned.</p>
<p>For more, see “Robert’s Rules of Innovation” by Wiley, Spring 2010.</p>
]]></content:encoded>
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		<title>Experimentation + Risk (+ Failure) = Improved Environment for Innovation</title>
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		<comments>http://www.robertsrulesofinnovation.com/blogs/experimentation-risk-failure-improved-environment-for-innovation-2.html#comments</comments>
		<pubDate>Thu, 18 Feb 2010 16:03:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.robertsrulesofinnovation.com/?p=430</guid>
		<description><![CDATA[Thomas Alva Edison was a failure. It has been said that he &#8220;went back to the drawing board&#8221; more than 6,000 times before finding the right plant to produce a carbonized filament for his incandescent light bulb. Six thousand times. Do you have that kind of innovative stamina? It’s been said that Risk + Experimentation [...]]]></description>
			<content:encoded><![CDATA[<p>Thomas Alva Edison was a failure. It has been said that he &#8220;went back to the drawing board&#8221; more than 6,000 times before finding the right plant to produce a carbonized filament for his incandescent light bulb.</p>
<p>Six thousand times. Do you have that kind of innovative stamina?</p>
<p><span id="more-430"></span></p>
<p>It’s been said that Risk + Experimentation (+ Failure) = Improved Environment for Innovation. Put another way, Innovation = Creativity x Risk Taking.</p>
<p>Innovation is an experiment of sorts. It requires a culture of risk, opportunity and challenge. Moreover, for an organization to benefit from innovation, leaders and team members alike must welcome &#8211; and grow from &#8211; failure.</p>
<p>Rather than view failure as inherently bad, successful innovation requires that executives and teams commit to learning from each experiment gone bad &#8212; and incorporate those teachings into the next endeavor.</p>
<p>The successes and failures borne of innovation experimentation perpetuate innovation.  When strategies are emerging, innovators test their hypotheses and gather information to continue forward with their ideas.  Whether the innovation is a consumer product, a software application, or an internal process for an existing business enterprise or workflow strategy, the question remains: How will the idea resonate with the target audience or user? What costs are reasonable? Can the audience (consumers, manufacturers, employees) be convinced to shift well-established habits to embrace The New?</p>
<p>Because of a high failure rate, organizations pursuing the practice of Innovation must have a tolerance for failure. Not every idea will win. But each failure must be perceived as valuable in the trial-and-error process as a team seeks improvement.  Tolerance for failure must be encouraged, as well as enthusiasm for risk-taking.  Without risk, there can be no reward.</p>
<p>To create a culture of innovation, organizations should:</p>
<p>- Encourage well-reasoned risk-taking. The pursuit of innovation isn&#8217;t some fool-hardy flight of fancy. Encourage &#8212; or insist upon &#8212; a plan to be presented first, to ensure understanding and buy-in across the affected organization. Know your tolerance for risk and failure in the pursuit of innovation.</p>
<p>- Test. True innovation requires thorough testing in pursuit of success. Testing, measurement, and an accounting of what&#8217;s been learned &#8212; even in failure &#8212; brings measurable outcomes from successes and failures alike.</p>
<p>- Trust. Do you &#8211; as a CEO or team leader &#8211; trust your people to pursue new ideas on behalf of the company? Build a culture of trust in the individual&#8217;s pursuits &#8212; so long as safety-measures are in place to safe guard against failure damaging the organization.</p>
<p>Most of all, avoid letting a failed concept kill your team&#8217;s motivation.  Every idea should be given positive acknowledgment, every failure should be studied for &#8220;what went wrong,&#8221; and every success should receive appropriate reward.  By providing your team with a culture of Innovation, their risk-taking abilities will improve. And, as was the case with Mr. Edison, they eventually will see the light borne from their successful innovations.</p>
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		<title>What Is Your Risk Appetite?</title>
		<link>http://www.robertsrulesofinnovation.com/blogs/what-is-your-risk-appetite.html</link>
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		<pubDate>Wed, 02 Dec 2009 21:20:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blogs]]></category>
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		<guid isPermaLink="false">http://www.robertsrulesofinnovation.com/?p=303</guid>
		<description><![CDATA[Well-considered risk taking is critical, not just for the success of individual companies but also to enable a properly functioning economy. Companies that are too cautious for too long sometimes discover that they’ve made a significant mistake. To avoid swinging between excessive caution and over-exuberance, set a disciplined target for your desired investment outcomes. Whether [...]]]></description>
			<content:encoded><![CDATA[<p>Well-considered risk taking is critical, not just for the success of individual companies but also to enable a properly functioning economy. Companies that are too cautious for too long sometimes discover that they’ve made a significant mistake. To avoid swinging between excessive caution and over-exuberance, set a disciplined target for your desired investment outcomes.</p>
<p><span id="more-303"></span></p>
<p>Whether Financial or Innovation applies to both/all, see: <a href="http://www.strategy-business.com/article/00010?gko=b6470-27802017-29206682&amp;cid=enews20091201">http://www.strategy-business.com/article/00010?gko=b6470-27802017-29206682&amp;cid=enews20091201</a></p>
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		<title>Experimentation + Risk (+ Failure) = Improved Environment for Innovation</title>
		<link>http://www.robertsrulesofinnovation.com/blogs/experimentation-risk-failure-improved-environment-for-innovation.html</link>
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		<pubDate>Mon, 19 Oct 2009 14:40:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[NO RISK.. NO INNOVATION]]></category>
		<category><![CDATA[experimentation]]></category>
		<category><![CDATA[failure]]></category>
		<category><![CDATA[high failure rate]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[innovation coach]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[robert's rules of innovation]]></category>

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		<description><![CDATA[Thomas Alva Edison was a failure. It has been said that he &#8220;went back to the drawing board&#8221; more than 6,000 times before finding the right plant to produce a carbonized filament for his incandescent light bulb. Six thousand times. Do you have that kind of innovative stamina? It’s been said that Risk + Experimentation [...]]]></description>
			<content:encoded><![CDATA[<p>Thomas Alva Edison was a failure. It has been said that he &#8220;went back to the drawing board&#8221; more than 6,000 times before finding the right plant to produce a carbonized filament for his incandescent light bulb.</p>
<p>Six thousand times. Do you have that kind of innovative stamina?<br />
<span id="more-213"></span><br />
It’s been said that Risk + Experimentation (+ Failure) = Improved Environment for Innovation. Put another way, Innovation = Creativity x Risk Taking.</p>
<p>Innovation is an experiment of sorts. It requires a culture of risk, opportunity and challenge. Moreover, for an organization to benefit from innovation, leaders and team members alike must welcome &#8211; and grow from &#8211; failure.</p>
<p>Rather than view failure as inherently bad, successful innovation requires that executives and teams commit to learning from each experiment gone bad &#8212; and incorporate those teachings into the next endeavor.</p>
<p>The successes and failures borne of innovation experimentation perpetuate innovation. When strategies are emerging, innovators test their hypotheses and gather information to continue forward with their ideas. Whether the innovation is a consumer product, a software application, or an internal process for an existing business enterprise or workflow strategy, the question remains: How will the idea resonate with the target audience or user? What costs are reasonable? Can the audience (consumers, manufacturers, employees) be convinced to shift well-established habits to embrace The New?</p>
<p>Because of a high failure rate, organizations pursuing the practice of Innovation must have a tolerance for failure. Not every idea will win. But each failure must be perceived as valuable in the trial-and-error process as a team seeks improvement. Tolerance for failure must be encouraged, as well as enthusiasm for risk-taking. Without risk, there can be no reward.</p>
<p>To create a culture of innovation, organizations should:</p>
<p>- Encourage well-reasoned risk-taking. The pursuit of innovation isn&#8217;t some fool-hardy flight of fancy. Encourage &#8212; or insist upon &#8212; a plan to be presented first, to ensure understanding and buy-in across the affected organization. Know your tolerance for risk and failure in the pursuit of innovation.</p>
<p>- Test. True innovation requires thorough testing in pursuit of success. Testing, measurement, and an accounting of what&#8217;s been learned &#8212; even in failure &#8212; brings measurable outcomes from successes and failures alike.</p>
<p>- Trust. Do you &#8211; as a CEO or team leader &#8211; trust your people to pursue new ideas on behalf of the company? Build a culture of trust in the individual&#8217;s pursuits &#8212; so long as safety-measures are in place to safe guard against failure damaging the organization.</p>
<p>Most of all, avoid letting a failed concept kill your team&#8217;s motivation. Every idea should be given positive acknowledgment, every failure should be studied for &#8220;what went wrong,&#8221; and every success should receive appropriate reward. By providing your team with a culture of Innovation, their risk-taking abilities will improve. And, as was the case with Mr. Edison, they eventually will see the light borne from their successful innovations.</p>
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