RISKS & INNOVATION

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No risk no gain, goes the old adage. Innovation necessarily implies going for the unknown (a risk), leaving the complacency of the known (another risk).

No risk no gain, goes the old adage. Innovation necessarily implies going for the unknown (a risk), leaving the complacency of the known (another risk). A stationary target is a sitting duck; ditto a non-evolving business. Yet people and firms avoid innovations – they act like risk averse beings.

The proverbial cheese, all know, is anyway going to be exhausted or moved away – a constant drive for betterment is a must. An experimentative mindset, unbound by the limiting nine dots is a blessing.

Actually, once you think in a cool way, you see that much of risk avoidance is laziness. For the one who takes risks, does so with lots of hard work, delving in due diligence, plotting scenarios – safeguarding against all scenarios by intelligent allocation of resources – time, energy, capital, people. Such a slog rarely goes waste, it doesn’t put you in a soup, it actually strengthens a business.

Go, drop anti-innovation inertia.

People in any organization are always attached to the obsolete - the things that should have worked but did not, the things that once were productive and no longer are.
- Peter F. Drucker

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