Zaur AICo-founder of openincubator.ie | Student Entrepreneurship Programme Manager @TCD

What every corporate innovator needs to admit about new ideas #Shorts

Name: What every corporate innovator needs to admit about new ideas #Shorts
Uploaded: 2022-04-07T16:33:15+00:00
Duration: 35 s
Channel: Zaur AI
Description: A short YouTube video (Zaur AI, April 7, 2022) advising corporate innovators to openly admit uncertainty about whether truly innovative ideas will work…

7 Apr 2022 · 1 min

Watch on YouTube

0:35

A short YouTube video (Zaur AI, April 7, 2022) advising corporate innovators to openly admit uncertainty about whether truly innovative ideas will work, and to replace overconfident business plans with processes specifically designed to reduce risk and uncertainty through testing and learning.

Chapters

When we have a new idea, if it's truly innovative, we don't know if it's going to work, and we need to admit this. So how many of you have organizations where team members can come to you and say, this is a great idea. I don't know if it's going to work, but that's the honest truth. But you have a process that's tailored to decreasing the risk and uncertainty of the idea. So rather than making a business plan that makes you think you know it's going to work because it's just fantasy, it's just PowerPoint, it's just spreadsheets. No, you need a process to decrease the risk. You need to admit that you have no clue if it's going to work.