The public sector, on the other hand, tends to be risk averse and, unfortunately, avoids innovation. I’ve talked to several-public sector managers, and their mantra is to avoid doing something that will put them on the front page of the local newspaper. Hence the focus becomes maintaining the status quo. However, there are risks and consequences of not being innovative:
5 Risks and Consequences When the Public Sector Doesn’t Innovate
In the private sector, not being innovative can lead to the demise of an organization. The same applies to government, writes Apptology CEO Rich Foreman.
In the private sector, not being innovative can lead to the demise of an organization. Giants like Blockbuster Video and Kodak are recent examples of industry titans that became extinct or irrelevant by not being innovative and adapting to the current environment.
The public sector, on the other hand, tends to be risk averse and, unfortunately, avoids innovation. I’ve talked to several-public sector managers, and their mantra is to avoid doing something that will put them on the front page of the local newspaper. Hence the focus becomes maintaining the status quo. However, there are risks and consequences of not being innovative:
The public sector, on the other hand, tends to be risk averse and, unfortunately, avoids innovation. I’ve talked to several-public sector managers, and their mantra is to avoid doing something that will put them on the front page of the local newspaper. Hence the focus becomes maintaining the status quo. However, there are risks and consequences of not being innovative: