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

Topic:
To Drive Innovation, Organizations First Need to Learn How to Fail.
Date:
January 29, 2013 at 11:00 - 12:00 PM ET
Presenters:
Matt Hunt, Writer / Speaker / Consultant(Stanford & Griggs, LLC)
webcastImgVirtual
Description
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.
Who Should Participate
HR professionals and other leaders who want to learn the best practices around building a sustainable innovation practice that can withstand failure.
What You Will Learn
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?
  • Recommended Resources
    http://linked2leadership.com/2012/10/25/hey-leaders-failure-isnt-a-dirty-word/ Click here
    Communities
    Organizational Development
    Strategic HR
    Re-Engineering
    Organizational Diagnosis
    Knowledge Management
    Creativity and Innovation
    Presented by
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    Matt Hunt
    Stanford & Griggs, LLC

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    Event Sponsors
    Influence & Co.
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    File List
    Feedback
    Name Comment Rating
    Image of Valarie Washington Valarie Washington
    Crane Carrier Company
    5 / 5
    Excellent Presentation
    Image of Tonda Smith Tonda Smith
    AT&T Corp.
    4 / 5
    Very Good Presentation
    Image of Johnson Lam Johnson Lam
    TATA Consultancy Services
    4 / 5
    Very Good Presentation
    4 / 5
    Very Good Presentation
    Image of Grace Bermingham Grace Bermingham
    Central Park ENT
    5 / 5
    Excellent Presentation
    Image of Joseph Hendon Joseph Hendon
    ExecuTech Strategic Consulting LLC
    4 / 5
    Very Good Presentation
    5 / 5
    Excellent Presentation
    Image of Anne Thornquist Anne Thornquist
    YMCA (Worldwide)
    3 / 5
    Good Presentation
    Image of Kristen Odell Kristen Odell
    Unemployed
    4 / 5
    Very Good Presentation
    Image of Sara Tam Sara Tam
    City of Markham
    4 / 5
    Very Good Presentation
    Image of Lisa Lowry Lisa Lowry
    Steelastic/RMS
    3 / 5
    Good Presentation
    Image of Marcello Petrocco Marcello Petrocco
    BBM Canada Toronto
    4 / 5
    Very Good Presentation
    Image of Luis504 Mendez Luis504 Mendez
    Myron Corp
    5 / 5
    Excellent Presentation
    5 / 5
    Excellent Presentation
    Image of Wade Smith Wade Smith
    Champion Technology Services
    Excellent information 5 / 5
    Excellent Presentation
    Image of Mallikarjun Rao Mallikarjun Rao
    TATA Consultancy Services
    Good Presentation & got learn new stuff 3 / 5
    Good Presentation
    Image of Tammy Tsonis Tammy Tsonis
    Examiner.com
    Great presentation. 5 / 5
    Excellent Presentation
    Image of Carol Coates Carol Coates
    Care Partners Health Services
    I found the 2 types of innovation particularly helpful - example of General Mills versus Best Buy. 3 / 5
    Good Presentation
    "I really enjoyed the presentation. Being in HR we can slowly change the mindset of 'failure is bad' to 'let's understand why we failed and learn from it""." 5 / 5
    Excellent Presentation
    Image of Carla Butts Carla Butts
    United States Navy
    Thank you 4 / 5
    Very Good Presentation
    Image of Michael Klein Michael Klein
    TJX COMPANIES
    The content was great. Still leave with more questions than answers but a terriffic reminder that our organizations will not grow if we don't take chances and we can't take chances if we are paralyzed by fear of failures. Would have preferred a more varied tone from the speaker. 4 / 5
    Very Good Presentation
    This was so informative and provided a realistic stance on what it takes to foster this in organizations. 5 / 5
    Excellent Presentation
    Image of Denice Hinden Denice Hinden
    Managance Consulting & Coaching
    Very informative. I welcome the opportunity to talk with you about your book and your experience of helping individual leaders deal with fear of failure. As a change management consultant and business coach this is something that I am regarularly working with and want to do more of. I am always looking for new ideas and connections. 4 / 5
    Very Good Presentation
    Image of Miriam Berger Miriam Berger
    A Hire Authority

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