Inside the Strategy Room

142. Taking fear out of innovation

Dec 16, 2022

47:38

Creator website

Episode guests

Laura Furstenthal

Erik Roth

Alex Morris

Highlights

AI Chapters

Episode notes

Innovation at the End to End Model

01:36

Innovation Leaders in High Fear Environments

02:03

What Are the Most Common Barriers to Innovation?

02:07

The Role of Storytelling in Championing Innovation

03:40

Introduction

2min

The People Barriers to Innovation

3min

What Are the Most Common Barriers to Innovation?

2min

Innovation Is a Resource Allocation Problem, Right?

3min

Leading Innovation Leaders Recognize the Fear and Counter It

4min

Innovation Kabuki Theater

2min

How Can You Create a Culture of Innovation in Your Organization?

2min

How to Create a Green Box for Innovation

2min

The Leadership Team Plays a Critical Role

2min

10.

The Fear Factors in Innovation

2min

11.

Innovation Leaders in High Fear Environments

2min

12.

The CEO and Top Team - Are They Authentically Holding Innovation as a Core Value?

2min

13.

Innovation and Bottom Up Innovation

2min

14.

Innovation at the End to End Model

2min

15.

What Is an Innovation?

2min

16.

What's the Difference Between Commitment and Belief?

2min

17.

The Role of Storytelling in Championing Innovation

4min

18.

Innovation Leaders Embrace Rituals

2min

19.

How Do You Show Up as a Leader?

2min

20.

Isn't It Time to Challenge Orthodoxies?

3min

21.

What's Your Favorite Thing About This Research?

3min

The risk and ambiguity inherent in innovation can make employees shy away from it. Creating an innovation culture where risk-taking is embraced must start at the top.

Most executives will agree that fear—of criticism, of uncertainty, of career consequences—can paralyze innovation. In this episode, three innovation experts discuss ways to create an environment of psychological safety that rewards creative initiative and destigmatizes failure. Laura Furstenthal, Alex Morris, and Erik Roth, all leaders in McKinsey’s innovation practice, are the co-authors of the recent article, Fear factor: overcoming human barriers to innovation.

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