What is the price of innovation?

Brian and I were on the train and having a talk about a software, large corporations and I made an offhand comment that I didn’t think that large companies like banks could innovate - that it was a cultural problem.

At this point, Brian just looked at me and asked: “Well….what’s the price of innovation?”

I started to answer the question…but then I realized I didn’t understand the question at all.

Me:

Training?
You need to hire more talented people?

Brian:

Nope.

The real price of innovation is trying to get people to accept that if they’re really innovating, sometimes - they’re going to fail - and getting people to be ok with failure is really really hard.

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