Gartner Research

CIOs Should Use Risk Management to Promote Innovation in Bimodal IT

Published: 06 January 2015

ID: G00269464

Analyst(s): John Mahoney

Summary

Failure to learn fast is the greatest problem area for innovative and exploratory initiatives — that is, for Mode 2 in bimodal IT. Innovation without risk isn't innovation. We explain why and how CIOs should enable risk-taking to drive fast learning about new and rapidly changing situations.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Identify and Communicate the Importance of Innovation-Style Risk Management
    • Innovation Means Exploring the Unknown
    • The Dangers of Failing to Innovate
    • How to Enable a Risk-Tolerant Culture and Approach
  • Modify Risk Management Processes, Attitudes and Behaviors
  • Set a Minimum Failure Target When the Goal Is to Explore and Pilot Innovation
    • Why a Minimum Failure Target Is Necessary
    • The Concept of a Failure Target in Exploratory and Pilot Innovation

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