Monday, September 24, 2007

Ask for Forgiveness or Permission?

Terrific article in the WSJ today on Managing Innovation. Having worked in both startups (I'm on my third now) and big companies over my career, and sold to many global giants, I have definitely seen the effects the panel discusses here. And the systemic ways innovation is often crushed in large companies.

I live by the phrase "It is better to ask for forgiveness than permission". It's all about risk, and your comfort level with risk. Young, high growth ideas (read companies) have to embrace risk to survive and thrive so I believe a risk tolerant culture is required to create innovation.

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