Innovation and Sport are one of the reasons I’m such a big sports fan. I’ll watch almost any high-level sporting event. I love football (AFL), enjoy cricket and right now am giving up my sleep to watch Le Tour De France.
One of the things I love about sport is that it is a hotbed for strategy and innovation. The obvious part of this is the competition. Each week, teams go head-to-head and there are winners and losers. The next day or week they come out to play again to repeat the winning tactics or play a new strategy.
This presents two sides to innovation.
A third less obvious factor is the influence of crowds. Three key factors come into play:
The first two factors create a situation where innovation and experimentation are stifled. Unless the team is losing there is no permission to ‘try anything’. After all, you don’t spoil a winning combination, do you?
Conservatism is promoted because the risk of innovating and being wrong is higher than the reward.
The third factor of immediate feedback is something desirable for innovation. You want quick results to know what works. Unfortunately, in this situation, the public pressure and fear of failure is higher than the reward.
QUESTION: Which of these factors are played out in your organization that promote or stifle innovation?
*This is an extract from the Book Rapper issue Wise: How to Make Collaborative Decisions. It’s derived from James Surowiecki’s classic book The Wisdom of Crowds. We reviewed this book here.
Here are ten personal mission statement examples from famous youtubers. They each have millions of…
What’s the difference between vision mission and purpose? And most importantly, what’s the best way…
Do you want some inspiration for your life? Here are 15 of the best Purpose…
Purpose synonyms are other words that have a similar meaning to purpose. And this is…
Previously, I shared 11 corporate purpose statement examples. I thought they were generic - many…
Today I’m sharing 11 purpose statement examples from global companies. You’ll know the companies but…