Risk management may be the “great divide” that separates styles of innovation management and, for that matter, styles of management in general. Indeed, it’s often the risk management part of the corporate playbook that separates true innovation results from mere activity and, ultimately, success from...

Ask almost anyone in a new product development function and they’ll tell you they’ve had experience with what I call a “staged approval system” model. For those who haven’t dealt withstaged approval systems, they are, as the name implies, models that break up the...