Entrepreneurship, Success and Prudence
Tuesday, December 2nd, 2008Great article by Erick Schonfeld at TechCrunch….
Bureaucracy, checks and balances, and all the rest. Its the fear of mistakes and taking risks that kills innovation more than anything else.
Coming from the question of how are people born with innovation and entrepreneurship, Joe Costello, CoFounder and CEO of Cadence Design Systems, once said that he thought every country has the same number at birth, but that most countries / cultures beat it out of their children before they ever have a chance.
How much does conformity cost a company or our whole country? Its huge. I’ve seen the difference when our team members feel empowered to take risks, and the output it both great and scary at the same time.
Imagine if everyone had to ask for permission before taking action on their best ideas.. How much would get done? Nothing. And in this economy we’re seeing way too many people slowing down their pace, making sure they have *sses covered by getting their bosses approval, and not taking risks. “You couldn’t get fired for buying IBM.”
But what will turn around this economy? A huge change back to an irrational but measured risk taking…
More on that in a future post…
Your comments, thoughts on this? Is innovation nature or nurture? Are governments and company over-reactions causing more harm that good?
Olivier
CEO & Founder, magnify360
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