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Risk and Innovation - Coggle Diagram
Risk and Innovation
problems arising from poor portfolio management
no limit to projects taken on
reluctance to kill-off or 'de-select' projects
lack of strategic focus in project mix
weak or ambiguous selection criteria
weak decision criteria
bad risk averse mentality that diffuses innovativeness
it's not our business
it's not big enough
not invented here
nice idea but doesn't fit
we've never done it before
problem with planning
inherent uncertainty in innovation
stage gate model of continuous review
the innovation funnel
assessing innovation projects
gut feel
simple financial measures
complex financial measures
decision matrix
problem of multiple projects
uncertainty and innovation