3min chapter

The Innovation Show cover image

Sven Smit - Strategy Beyond the Hockey Stick

The Innovation Show

CHAPTER

The Fear of Downside Risk Pervades the Planning Environment

Nearly eight out of 10 executive surveyed by your firm tell us that their companies are more geared towards confirming existing hypotheses in strategy processes than testing new ones. Bigger moves not only increase your odds of success, but reduce the risk of sliding back down again. You're better off having two plans fail at a stretch goal, but eight succeed at an IED 80% odds than this 95% odds of incrementalism. The greatest way to be challenged in your job is not to deliver what you promised.

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