article thumbnail

These companies failed because leaders did not want to hear bad news: The Ostrich Effect

Idea to Value

Have you ever worked for a manager or boss who did not want to hear bad news? In organsiations which suffer from the ostrich effect, it is not just that bad news is ignored. Two examples where leadership failed to take on board bad news are Volkswagen and Nokia. These organisations might then suffer from the Ostrich Effect.

article thumbnail

Developing a new framework for risk and innovation.

Paul Hobcraft

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. Embedding risk management and innovation competence within the structures developed. Risk is becoming an evolving capability. To quote the specific parts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Developing a new framework for risk and innovation.

Paul Hobcraft

Interestingly, the pace of innovation stands among the top three risks in 2015 and tops along with regulatory risk, the list foreseen in 2018. Embedding risk management and innovation competence within the structures developed. Risk is becoming an evolving capability. To quote the specific parts.

article thumbnail

Five Barriers to the Innovation Process and How to Overcome Them

IdeaScale

It reflects a mix of culture, motivation, and misunderstanding that can weigh down innovation processes like a stone. If a company developed a way of doing things in 2015, then it was likely the ideal one at the time. Still, other companies with a friendly competition culture might respond better to “gamification” strategies.

article thumbnail

Sorting through our Innovation Management Tools

Paul Hobcraft

The latest one for 2015 is here. Shared language : tools align teams around a visual concept, making complex ideas clearer with an image. Get the facts : Every tool has strengths and weaknesses. Tracking the trends on Management Tools. They have made 15 surveys over the years and reported on the top 25 tools of each year.

Tools 100
article thumbnail

Coaching as an enabler to innovation

Wazoku

In a January 2015 post on Artificial Intelligence he references “what futurist Ray Kurzweil calls human history’s Law of Accelerating Returns”. My interest in helping established businesses to stay relevant and successful brought me into contact with Simon Hill and the team at Wazoku. What is coaching, if not an enabler to innovation?

article thumbnail

The enemy is already within. The flood gates are open. Can GE recover?

Paul Hobcraft

It is then through managing your future development, mostly through research and development, that when combined with a sound acquisition strategy, that you believe will then augment your present internal growth and look to sustain the business. Could this have been foreseen? Renewable energy versus fossil fuel- a reality check.