Implement an Ambitious Innovation Program: Risk Management (Part 2 – Build a Proactive Action Plan)
►► Implement an Ambitious Innovation Program: Risk Management (Part 2 – Build a Proactive Action Plan)
How do you move from identifying risks to building a proactive action plan?
In this video, Dave Caissy, Founder of the Innovation Leaders Club, explains how to build and implement proactive risk management plans in innovation programs—where uncertainty is inevitable but manageable.
How to select the top risks to actively manage (top 5–10 + fatal risks)
Prevention vs. contingency planning: addressing causes vs. minimizing impact
Four key strategies: avoid, transfer, double, and reduce risk
Why focusing on root causes leads to stronger outcomes
How to track and reduce risk exposure over time
This episode completes the risk management framework by focusing on action planning and follow-up after identification and prioritization.
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