How to balance risk management in corporate innovation with Alice Ponti | EP 9

In this conversation, Alice Ponti, a corporate innovation expert, discusses the intricate relationship between innovation and risk management in organizations. She emphasizes the importance of psychological safety, the limitations of traditional Stage Gate processes, and the need for intelligent risk-taking. The discussion also covers portfolio management strategies and the role of startups in accelerating innovation. Ultimately, the conversation highlights the significance of cultivating a culture that embraces risk-taking and learning from failures.

Takeaways: 

• Leaders often overlook the bigger risks of disruption.
• Psychological safety is crucial for innovation teams.
• Innovation should be seen as an option to create future value.
• StageGate processes can hinder breakthrough innovation.
• Portfolio management helps identify gaps in innovation.
• Piloting new products is essential for risk management.
• A culture of risk-taking starts with leadership.
• Intelligent risk-taking can lead to greater innovation success.
• Collaboration with startups can de-risk innovation processes.
• Innovation teams can inspire risk-taking across the organization.

Chapters: 
00:00 Understanding Innovation and Risk
09:40 The StageGate Process: A Double-Edged Sword
22:01 Portfolio Management in Innovation
31:15 Venture Fuel: Bridging Startups and Corporations
39:21 Cultivating a Culture of Risk-Taking

Find Alice here: https://www.linkedin.com/in/aliceponti/

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To learn more about BTG: https://bambootalent.group/ 

​​About The Faces of Innovation: This podcast is dedicated to speaking to leaders across the innovation ecosystem, from Venture Builders to Chief Innovation Officers.