To Drive Innovation, Organizations First Need to Learn How to Fail.

This session is going to cover the importance of understanding and planning for failure when organizations commit to driving innovation. Most organizations understand the necessity of driving innovation and many understand that failure will be a critical part of this work, but few of these organizations are prepared to handle failure when it does happen.

First we will explain the concept of a building a learning organization that is able to drive a sustained approach to innovation. We will discuss the role of systems thinking and feedback loops in the innovation and discovery process.

Next, we will then talk about the different types of innovation models and how they can have dramatically different success-to-failure ratios. Utilizing benchmarks, we will examine those failure rates and compare them within Corporate America and Silicon Valley. We will examine how the use of the innovation pipeline methodology can be used to plan for the risk of failure with projects of various sizes and at different stages within an organization.

Finally, we will discuss the impact of innovation failure on an organization and explain why it is essential for every organization to plan for the possibility of failure prior to launching innovation initiatives rather than addressing it afterwards. We will review strategies for supporting failure that address the individual, the team, and the organization in terms of risk, compensation, career expectations, and organizational learning.

This session will be beneficial for HR professionals and other leaders who want to learn the best practices around building a sustainable innovation practice that can withstand failure.

HR professionals and other leaders who want to learn the best practices around building a sustainable innovation practice that can withstand failure.

Please join us as we will be covering the following:

What is a Learning Organization?

How do Systems Thinking and Feedback Loops play into organizational learning?

What are the different Innovation Models and the associated risk of failure?

How should your organization benchmark for innovation risk?

What is an Innovation Pipeline and how should it be used?

What is the impact of failed innovation projects on an organization?

What are some strategies for supporting failure within an organization?

http://linked2leadership.com/2012/10/25/hey-leaders-failure-isnt-a-dirty-word/ Click here

		Matt Hunt Stanford & Griggs, LLC View Profile