Executives have known for years now the certainty of what happens to organizations that do not innovate. At the same time, the common wisdom that in order to generate great rewards one must also assume a lot of risks is a preconception that is very prevalent. As a result, the perceived risk of taking big bets on innovation is simply too great and thus, management teams who recognize the consequence of inactions still prefer to “kick the can down the road” hoping and praying that the crisis doesn’t occur on their watch.
At Spyre we have developed a methodology that mitigates risk in a unique way at the individual venture level, at the business unit decision-making level and at a systemic level across the organization so that great rewards are possible without being required to assume the great risk. It is an elegant balancing act of risk being distributed across a complex system which in return generates outcomes of a high potential impact. In this seminar, we offer a glimpse into the risk factors of our methodology and the elegant balance it offers to management teams. You will never look at innovation and risk in the same way after taking our seminar.