{"id":6752,"date":"2016-04-15T19:02:31","date_gmt":"2016-04-16T02:02:31","guid":{"rendered":"http:\/\/corevalues.com\/?p=6752"},"modified":"2016-04-15T19:02:31","modified_gmt":"2016-04-16T02:02:31","slug":"risk-and-creating-a-culture-of-innovation","status":"publish","type":"post","link":"https:\/\/corevalues.com\/dev\/2016\/04\/15\/risk-and-creating-a-culture-of-innovation\/","title":{"rendered":"Risk and Creating a Culture of Innovation"},"content":{"rendered":"

\"who<\/a>Risk is the fifth TIGERS\u00ae <\/strong>principle required for high performance team work and for building a cooperative and collaborative work culture capable of innovation.\u00a0 The other five principles are trust, interdependence, genuineness, empathy and success. They form the acronym, TIGERS\u00ae<\/strong>.<\/p>\n

Risk, by definition, is taking an action that can result in a mistake that leads to loss or injury. It is also taking actions that result in growth and learning. Therefore, the flip side of risk is reward and those organizations with a high risk tolerance are more apt to innovate, learn and grow.<\/p>\n

It is\u00a0 fear of risk that results in stagnation producing resistance to change and\u00a0 stubborn resolve to maintain the status quo.\u00a0\u00a0 Leaders who embrace risk and who have acquired skills and strategies to minimize loss and injury through effective problem solving, decision making and planning, are most prepared to guide their organizations through change and in developing innovations.\u00a0 These are the leaders best equipped to create a culture of innovation. This is an ideal based on the idea that risk that results in learning and improvement is good for the company, employees, customers, stakeholders, vendors and communities.<\/p>\n

In an ever-changing work environment, sustainable organizations require innovative solutions to problems and product improvements to stay in the game. While\u00a0 past practices are backed by research and proven solutions won through trial-and-error, innovation is just as important. This is because customers, their needs, technology and several other key workplace factors are constantly changing, which affects an organization\u2019s inner-workings and the ability to learn about itself.\u00a0 The ability to keep up and adapt with the changing work environment is necessary to remain relevant in the marketplace. When employees are excited and passionate about solving problems that impact their roles and job security, they are more likely to champion innovative solutions.<\/p>\n

So how do you start? What are four requirements that lead to creating a culture of innovation?<\/p>\n

Determine culture resilience.<\/em><\/strong><\/h4>\n

Assessing your company’s culture for innovation resilience is the first step in creating a culture of innovation.\u00a0 A few questions to explore include:<\/p>\n