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Companies lack the courage to undertake radical innovations

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Companies lack the courage to undertake radical innovations

Or maybe a round on Friday where everyone can present an idea, no matter how seemingly stupid?
Sure, why not when the company is at this stage? Amazon Prime also started out as a seemingly crazy idea from a junior product manager. For the controllers, free shipping was not worth it at all compared to a monthly fee. In many companies, such a “stupid” idea would not even have been suggested to management – if only to avoid endangering one’s own job. What is important is psychological safety, the protected space in which I am not ridiculed for ideas. Managers have to ensure this.

Also read:Â In the USA, the Chief AI Officer is considered the management job of the future. German companies are also looking for bosses who will lead data scientists and engineers and shape the AI ​​strategy. They can do that – and that’s how they tick.

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