Innovation needs personal investment

Innovation is only effective if people are empowered and given space, time and resources to incubate and deliver their ideas.

I am reading the “The Google Way” at the moment and the consistent theme coming through is one about allocating individual time to innovation. In addition allowing people to explore individual aspirations and follow their own interests is critical, as this will encourage individual passions which should then bring out even better ideas.

Yesterday was my first time of specifically taking myself out of the normal day to day and just thinking. I found it really refreshing but at first very awkward. It will take time to really use this time well but it was good to take the time out and think. A few members of the team joined me.

However we did generate a number of new ideas that I will review and select one to advance over time. What I will say is today, being Saturday, I feel more refreshed than I normally would after a working week!

Just back to the ideas, from an innovation of risk perspective the ideas generated ranged from new business risks that need research, better ways of representing risk, using technology in risk, enhancing proceses, and enhancing our people.

On the topic of tools, a tip for bloggers using wordpress, ensure you load a mobile admin panel for posting. I did that last night and now I can use my Entourage Edge to do my posts so much easier!


Innovation of Risk

Scott North has extensive experience in enterprise risk management, internal audit, operational risk and compliance, risk strategy, scenario planning, technology risk, technology business analysis, systems design, financial accounting, and management accounting. Scott is a Fellow of the Australian Institute of Chartered Accountants with a Masters Degree from the University of Melbourne in Business and Information Technology. Scott is also a Fellow of the University of Melbourne.

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