40% of leaders in the U.K fear failures of disruptive ideas

PA Consulting Innovation Report (2017)

In a rapidly changing business landscape, it's more important than ever for leaders to be able to embrace disruptive ideas. However, a new study has found that 40% of leaders in the UK fear failure when it comes to implementing these ideas. While this may seem like a daunting challenge, some key success factors can help leaders overcome their fears and drive innovation within their organisations. Firstly, it's essential to create a culture of openness and willingness to experiment; this means creating an environment where employees feel safe sharing their ideas, regardless of whether they are radical. Secondly, it's essential to have strong organisational support for innovation; this includes having dedicated resources and a budget for exploring new ideas and clear lines of communication between different departments. Finally, it's crucial to have a robust plan for implementing disruptive ideas; this includes having clear goals and milestones, as well as contingencies for when things don't go as planned. By taking these steps, leaders can increase their chances of driving successful innovation within their organisations.