HBR On Leadership LinkedIn Co-Founder Reid Hoffman on Innovating Amid Volatility
Jul 12, 2023
Reid Hoffman, co-founder of LinkedIn and venture capitalist, unfolds how leaders can leverage volatility as a catalyst for innovation. He emphasizes aligning social impact with business goals for meaningful change. Hoffman also dives into navigating risk in innovation, the importance of collaboration in transforming workspaces, and tackling pressing societal issues like climate change. Lastly, he discusses modern recruitment challenges, highlighting the necessity for diverse environments and robust employer-employee relationships to attract top talent.
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Innovation and Risk
- Innovation always entails risk.
- Minimize costs if it doesn't work, but understand that risk is inherent.
Innovation Strategy
- Consider platform changes and how they affect your product, service, or company.
- Analyze these changes in conjunction with your ideas for innovation.
Innovation Timeframes
- Consider timeframes when innovating.
- Evaluate platform change timelines, your execution timelines, and their intersection.