{"id":4335,"date":"2015-09-22T10:00:47","date_gmt":"2015-09-22T08:00:47","guid":{"rendered":"http:\/\/hatrabbits.com\/?p=4335"},"modified":"2023-11-21T11:52:58","modified_gmt":"2023-11-21T10:52:58","slug":"low-risk-innovation","status":"publish","type":"post","link":"https:\/\/hatrabbits.com\/en\/low-risk-innovation\/","title":{"rendered":"Low-risk innovation"},"content":{"rendered":"

Innovation doesn’t have to be radical. In fact, even conservative, risk-averse organisations can be innovative.<\/strong><\/p>\n

Many directors and managers are hesitant to embrace innovation. They feel risk-taking does not resonate with their business culture<\/a><\/span>.<\/p>\n

Of course, it makes perfect sense to be risk averse. Some companies are rather \u2018smart followers\u2019 and gladly leave the risk taking to other organisations.<\/p>\n

These are obviously not the organisations where market-shattering disruptions spring into existence. Radically changing the way things are done is not appreciated here, let alone that \u2018killing the company<\/a><\/span>\u2019 is an option!<\/p>\n

Clearly, this is a business culture where innovation is virtually impossible \u2026or is it?<\/p>\n

Well, not necessarily.<\/p>\n

Low-risk innovation<\/strong><\/h4>\n

Here\u2019s the thing; innovation doesn\u2019t have to be radical and disruptive. It\u2019s a misconception to think that innovation has to be a high-risk endeavour. In fact, \u2018small\u2019 low-risk innovations can be extremely valuable.<\/p>\n

Instead of revolutionising your market, you can focus on improving<\/a><\/span> products, services or processes. You can also choose to use creative thinking to solve an annoying business problem.<\/p>\n

Improving your current products or services and solving tricky problems is a low-risk way of innovating. Especially when you use rapid prototyping<\/a><\/span> to quickly and cheaply test the viability of your idea.<\/p>\n

Improvements and small fixes might be less sexy than world-changing innovations, but that doesn\u2019t mean they are any less useful to an organisation.<\/p>\n

Don\u2019t let your aversion towards risk stop you from innovating. Your organisation might not be the one changing the world \u2026but it doesn\u2019t have to grind to a halt either.<\/p>\n

Like this article?
\n<\/strong>If you enjoyed reading this article, feel free to share it with your network by hitting one of the\u00a0buttons below. This way other people can benefit from the article as well.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Innovation doesn’t have to be radical. In fact, even conservative, risk-averse organisations can be innovative.<\/p>\n","protected":false},"author":2,"featured_media":22912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[197],"tags":[552,551,196,555,553,554],"class_list":["post-4335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation","tag-disruptive","tag-innovating","tag-innovation","tag-low-risk","tag-radical","tag-risk-averse"],"acf":[],"yoast_head":"\nLow-risk innovation - HatRabbits<\/title>\n<meta name=\"description\" content=\"Innovation doesn't have to be radical. 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