Fear of Risk and Business: The Scary World of Creativity
Businesses and their love/hate relationship with creativity
Business seems to have a love/hate relationship with creativity, innovation and fear of risk. They love the idea, but the whole process of bringing a new idea to market carries an element of risk. That’s the part that doesn’t go over so well. Business seems to be comfortable with processes and expected outcome, which is at odds with the whole creative process. I’ve seen companies try and embrace creativity, but only to fail by stifling the process.
If business knows where the innovation will end up, then the whole creative process becomes an implementation project, innovation. Implementation is part of the process however, but the whole creative process involves an element of mess, conflict, emotion, and even a few casualties along the way. When those elements of experimentation are removed from the process, then we aren’t really innovating. If you don’t have a few failures along the way, then you’re not stepping outside of your comfort zone. And that’s where true innovation lies.
Inaction equates a fear of risk
Fear of risk often equates to standing still or adapting at a very slow pace. Opportunities seem to pass by, and this is a truly bad position to be in as a business. If you’re competition is innovating, how will you continue to compete in the future? Time does not stand still, and we must constantly look to the future for ways to innovate and create in order to remain relevant in the near future and beyond. The truth is that the best scientists, the greatest entrepreneurs, designers, politicians and CEOs are all creative. We as human beings like to think that they can be creative. It’s time to tap into that creativity and start coming up with true innovation, for small businesses, large, and for society. Eliminating fear of risk can open up a world of potential for businesses.