Managing Risk in Innovation

For innovation teams who want to take smart risks without exposing the organization to unnecessary harm.

Format
Live online or in person
Length
30 minutes to full day
Topic
Learning & Professional Development

About this session

Innovative ideas are uncertain precisely because the organization has not done them before.

Customer behavior may be unclear, technology may not perform as expected, implementation may prove harder than anticipated, the economics may not work, or an apparently attractive solution may create consequences nobody initially recognized.

Traditional risk management can become too restrictive when every uncertainty is treated as something that must be resolved before action.

At the opposite extreme, innovation teams can become so enthusiastic about experimentation that they underestimate customer, financial, operational, people, regulatory or reputational consequences.

Participants learn a more disciplined middle ground.

They identify the assumptions on which an innovation depends, assess both uncertainty and consequence, determine what can be reversed or contained, and design experiments capable of buying useful evidence before commitment increases.

As evidence develops, participants use clear criteria to decide whether an innovation should scale, adapt, remain experimental or stop. The objective is not risk-free innovation — it is intelligent exposure to uncertainty in pursuit of worthwhile value.

What your people take away

  • Identify the assumptions and uncertainties that could materially affect an innovation
  • Distinguish manageable experimental risk from exposure requiring stronger controls or specialist review
  • Use reversibility, staged commitment and safeguards to contain downside while preserving learning
  • Design experiments around the questions that matter most rather than testing what is easiest
  • Set evidence thresholds for scaling, adapting, pausing or stopping innovation
  • Manage risk across an innovation portfolio rather than evaluating each experiment in isolation

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  • What each length covers, 30 minutes to full day
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What each length covers

30 minutes

30 Minutes — Key Points: Find the Risks Hidden Inside the Innovation

A focused 30-minute session on three key points from Find the Risks Hidden Inside the Innovation: turn certainties back into assumptions, look across different types of risk and assess uncertainty and consequence separately.

  • Turn certainties back into assumptions
  • Look across different types of risk
  • Assess uncertainty and consequence separately

Covers 3 of 4 points in Find the Risks Hidden Inside the Innovation.

60 minutes

Take Innovation Risks More Intelligently

A focused introduction to innovation risk management. Participants identify the assumptions inside an innovation, distinguish uncertainty from consequence, and use reversibility and experimentation to create a safer route toward evidence.

  • Innovation uncertainty
  • Critical assumptions
  • Risk categories
  • Uncertainty vs. consequence
  • Reversibility
  • Innovation Risk Quick Canvas
  • Live Q&A

Covers 1 of 4 parts: Find the Risks Hidden Inside the Innovation.

90 minutes

Manage Uncertainty Without Stopping Innovation

The extended session moves from assumption and risk identification into staged commitment, safeguards, pre-mortems, experimentation and evidence thresholds. Participants build a practical risk approach around a real or realistic innovation.

  • Innovation assumptions
  • Risk and uncertainty mapping
  • Desirability / feasibility / viability
  • Reversibility
  • Staged commitment
  • Safeguards
  • Pre-mortems
  • Evidence gates
  • Innovation Risk Plan
  • Live Q&A

Covers 2 of 4 parts: Find the Risks Hidden Inside the Innovation and Contain Risk Without Killing the Experiment.

3 hours

Covers 3 of 4 parts: Find the Risks Hidden Inside the Innovation, Contain Risk Without Killing the Experiment and Use Experiments to Replace Uncertainty With Evidence.

Full day

Innovation Risk & Experimentation Lab

A practical full-day workshop covering all four modules. Participants take a real or realistic innovation, identify critical assumptions, map exposure, design safeguards and staged commitment, run pre-mortem analysis, create evidence-generating experiments and make scale, adapt, pause or stop decisions.

  • Module 1 — Find the Risks Hidden Inside the Innovation
  • Module 2 — Contain Risk Without Killing the Experiment
  • Module 3 — Use Experiments to Replace Uncertainty With Evidence
  • Module 4 — Decide What to Scale, Adapt, Pause or Stop
  • Innovation Assumption Mapping
  • Risk Category Scan
  • Uncertainty × Consequence Analysis
  • Reversibility Mapping
  • Staged Commitment Design
  • Safeguard Planning
  • Pre-Mortem Lab
  • Experiment & Evidence Design
  • Evidence-Gate Decisions
  • Innovation Portfolio Risk Review
  • Live Q&A

Covers all 4 parts.

Also available as a 4-week or 8-week program, for change that lasts. Ask us about it.

What’s covered

Find the Risks Hidden Inside the Innovation

Every length
  • Turn certainties back into assumptionsInnovation proposals often contain statements such as 'customers will use it', 'the technology can handle it', 'people will adopt the new process' or 'the economics will work' before those claims have been demonstrated.
  • Look across different types of riskAn innovation can succeed technically and still fail because customers do not want it, the operating model is impractical, employees cannot adopt it or the cost of delivery destroys the business case.
  • Assess uncertainty and consequence separatelyA highly uncertain assumption is not automatically a major organizational risk if the experiment is cheap and reversible.
  • Find the assumptions that could kill the ideaNot every unknown deserves the same amount of investigation.

Contain Risk Without Killing the Experiment

90 minutes and longer
  • Use reversibility to guide commitmentA small change that can be reversed tomorrow deserves different governance from an irreversible investment, public commitment or decision affecting significant numbers of people.
  • Stage the commitmentOrganizations do not always need to choose between doing nothing and fully launching an idea.
  • Design proportionate safeguardsA useful safeguard limits meaningful downside without making the experiment incapable of testing the original idea.
  • Define the non-experimental boundariesSome areas should not be casually tested through trial and error.

Use Experiments to Replace Uncertainty With Evidence

3 hours and longer
  • Test the riskiest question firstTeams often test what is convenient rather than what could invalidate the innovation.
  • Use pre-mortems before launchOptimism and investment can make teams less willing to imagine failure.
  • Define evidence before seeing the resultTeams can unconsciously redefine success once an experiment produces disappointing evidence.
  • Look for signals beyond success / failureExperiments generate more useful information than a binary pass or fail.

Decide What to Scale, Adapt, Pause or Stop

Full day only
  • Use evidence gatesProgress to the next stage should depend on evidence rather than enthusiasm, senior sponsorship or money already spent.
  • Avoid the sunk-cost trapAs time, money and personal credibility accumulate around an innovation, stopping can feel like admitting failure even when the evidence has weakened.
  • Manage risk across the portfolioTen individually manageable experiments can still create significant combined exposure when they depend on the same technology, customer segment, supplier, assumption or scarce resource.
  • Turn stopping into learningAn experiment that demonstrates an idea should not proceed can still create substantial value if the organization avoids a larger failed investment and captures what it learned.
Live Q&ATime for your people’s questions, answered by the expert.
60 minutes and longer

Tools and materials

  • Critical Assumption Map
  • Innovation Risk Category Scan
  • Uncertainty × Consequence Matrix
  • Reversibility Matrix
  • Staged Commitment Roadmap
  • Innovation Pre-Mortem
  • Innovation Experiment Canvas
  • Evidence Threshold Matrix
  • Innovation Portfolio Map
  • Innovation Risk Operating Playbook

How booking works

  1. Book online. Create a free Workbliss profile, then pay with session credits, by card or by invoice.
  2. Pick a date. Choose a date at least 14 days ahead, or book now and set the date later.
  3. Choose your expert. Within 3 working days, we send you profiles of the experts available for your date.
  4. We deliver it. Your expert is briefed on your people and goals, then runs the session live online or at your site.

Questions about Managing Risk in Innovation

How long is Managing Risk in Innovation?

Managing Risk in Innovation runs as 30 minutes, 60 minutes, 90 minutes, 3 hours or full day. You choose the length when you book. A 30-minute session covers three key points from Find the Risks Hidden Inside the Innovation: turn certainties back into assumptions, look across different types of risk and assess uncertainty and consequence separately. A 60-minute session covers Find the Risks Hidden Inside the Innovation in full, with a live Q&A. A 90-minute session adds Contain Risk Without Killing the Experiment. A 3-hour session adds Use Experiments to Replace Uncertainty With Evidence. A full-day session adds Decide What to Scale, Adapt, Pause or Stop. It is also available as a 4-week or 8-week program.

Can Managing Risk in Innovation be delivered online or in person?

Yes, both. It runs live online, so every office can join at the same time, or in person at your site, in any country.

How do we book Managing Risk in Innovation?

Create a free Workbliss profile with your work email, then open Managing Risk in Innovation to see the price for each length and book it. You can pay with session credits, by card or by invoice, and choose a date at least 14 days ahead, or set it later.

Who leads the session?

A vetted Workbliss expert, briefed on your people, culture and goals before the session. After you book, we send you profiles of the experts available for your date within 3 working days, so you can choose who leads it.

Can it be tailored to our company?

Yes. Every session is shaped around your goals, your people and the benefits you already offer, and delivered by experts in your people’s languages.