Risk Management

During a postgraduate class, a student asked a question about one on my articles about innovation and risk management which I was using as a case study as follows “can an organization stay risk free?” My response was simply “No. In fact, setting up that organization is a risk by…

While discussing my previous 2 articles on innovation and risk management (Read here and here) with a group of post graduate students, the question of whether disciplined and well-planned innovation is sufficient for effective risk management arose. As we sought to find a comprehensive response to this question, a few…

I recently came across information about Bidhaa Sasa, a Kenyan based distribution company that focuses on providing essential household goods and solar products to rural and underserved communities. The company’s product portfolio includes a range of household items such as cookstoves, water filters, solar lamps, and sanitary products. As part…

During the board strategy retreat I referenced last week, there arose a heated debate about whether the company needed to develop “unique” products never seen before or could consider improving on some that were already in the marketplace. Proponents of the “unique and never seen before” innovations supported their position…

INNOVATION: NOT ALL ABOUT TECHNOLOGY A few days ago, I facilitated a board strategy workshop. The word “innovation” kept cropping up during discussions on the strategic pillars. Some participants felt that innovation should be a standalone strategic pillar while the majority felt that it should be a sub-component of the…