This article was originally published on Newmarketsadvisors.com
Companies are often frozen in place by an “iron triangle” of failure, risk, and learning. Even those with lofty ambitions for furthering innovation get tripped up by common business behaviors that, while innocuous on their own, create inadvertent roadblocks to new forms of growth.
Although existing structures tend to be optimized for incremental innovation in the core, they often do little to extract positive lessons from failures and fully map out risks in new areas. While much may be invested in innovation, little is learned. Check out our new piece on Forbes to learn more about what holds back innovation.Story by Steve Wunker.