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A guide to innovation: Make big risks pay off big time

You can’t foster innovation without embracing the element of risk.

Taking big risks can have big innovation payoffs but you have to follow the best practices for fostering risk and innovation. In this episode of Discover Performance Weekly, HP Software evangelist and VP of Strategic Marketing Paul Muller sits down to discuss the innovation process with the following experts:

The basis of the discussion is the Discover Performance interview article “The smart way to embrace risk—and make it pay off,” in which Dave Matheson explains how adopting a systematic approach to innovation can ensure continued delivery of improved solutions.

Breaking down the discussion

In this episode, you’ll hear Paul, David, and Ahi discuss the following topics:

  • POV on managing risk and innovation (1:45)
  • Risk should be renamed uncertainty (3:00)
  • Fear of risk: put the greatest risk up front (5:00
  • Providing an innovative structure (7:40
  • The “bird model”: Ideation - Formulation - Incubation - Acceleration (9:00)
  • Putting it into practice: applicable ideas (19:00
  • In HP Software innovation incubation (22:00

The “tips of the week” our guests offer include:

Get more from Discover Performance

For more episodes of Discover Performance Weekly, covering everything from security and innovation to whether government’s role in technology is too much like “Big Brother,” check out our DP Weekly homepage.

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