I have always had an issue with celebrating “failure”. It doesn’t feel right. Heart failure, structural failure – the term often implies catastrophic and permanent results. We definitely shouldn’t be celebrating those. To take a step back, my background is in chemical engineering. Before I started working at Inventium I worked as a Risk &Read more
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One of the biggest roadblocks to innovation at a lot of organisations is a lack of flexibility and risk-taking. Organisations have historically avoided taking risks, instead focusing on ‘safe’ opportunities for growth where the risk of failure is lower. But in an age of disruption, organisations are beginning to encourage employees to take more risksRead more
If you have ever learnt to ski, surf or swim as an adult you will know the frustration of watching kids effortlessly shred the slopes, hang ten or dive in the pool. If you’re anything like me, you might be thinking to yourself: “Surely I can do better than those darn kids?!”. But unfortunately, thisRead more
In 1903, Orville Wright, with his brother Wilbur watching from below, piloted history’s first ever powered, manned flight. That singular flight completely changed the course of history. There are now over 100,000 commercial flights in the air each day…(in fact I am writing from one now!). But the Wright Brothers weren’t only remarkable in havingRead more
The world has seen a fair few f*** ups over the last 12 months…and I think you all know what I’m talking about. I am, of course, referring to the travesty that has been the recent entire season of Married at First Sight. And as we reflect on months gone by, it is a goodRead more
Providing your staff with plenty of time to innovate can be a tough nut to crack, but the parcel delivery company – Sendle – has it under control. We sat down with James Chin Moody (CEO) and Craig Davis (CMO) to uncover how they assign time to innovation. Sendle came in 4th in the 2016 AFR MostRead more
In many organisations the ‘F’ word, failure, is not tolerated. But failure is an inevitable part of innovation, as it comes naturally to anything with an element of uncertainty to it. The idea of risk-taking and creating a safe-to-fail workplace culture is not a new one, however, it’s not an easy nut to crack. OverRead more
Three out of four start-ups fail to return investors’ capital. Yet, big companies are increasingly investing shareholder funds in small companies that live outside their own walls. Last year alone, corporate venture funds participated in one quarter of all deals—collectively investing more than thirty billion (US) dollars in start-ups. Here are some things to bearRead more
Creative managers know that if you approach a challenge knowing nothing, you’re likely to come up with a solution that is different and original. Most of us are brought up to believe that failure should be avoided and that it is the opposite of success. Certainly, that’s what the dictionary definition says. But in theRead more
In case you haven’t heard, Tony’s ‘out’ and innovation is ‘in’. It’s the buzz word and policy brainchild that Turnbull hopes will tangibly boost our economy. No doubt there will be mountains and mole hills to overcome along the way – two standouts being Climate (aka Culture) and Capability. There’s a third cornerstone, Process, whichRead more