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How boards can support innovation

Jack Smith innovation

Today, avoiding risk is the riskiest proposition of all. Learn to embrace uncertainty and build a sense of shared ownership with management to foster innovation.

Boards were once cautious voices urging management to avoid risk. Today they increasingly want innovation in the quest for competitive advantage. Boards and senior management need to find new ways to work together to accomplish this – but that’s easier said than done. Writing in Harvard Business Review, Linda A Hill and George Davis identify common obstacles and ways you can support innovation.

WHY BOARDS STRUGGLE WITH INNOVATION

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Credits:
Source Article: The Board’s New Innovation Imperative
Author(s): Linda A Hill and George Davis