I was at a fascinating lunch discussion on social innovation hosted by Abbott Labs when FastCompany ‘s “30 Second MBA” team approached me and asked the question, “What is social innovation?” At Acumen Fund, we stress the fact that though we’ve learned valuable lessons from our successes in impact investing and leadership development, we’ve learned just as much – and sometimes even more – from our failures in these areas. That day I heard from several major corporations who were clear that the only way to evolve in an increasingly complex world was through innovation, but one of our biggest questions as a group was, where does innovation come from? My short (and I mean super-short) answer drew from our recent lesson on failure:
The response to this video has been great, and it’s made me think about my own relationship to risk and failure. And as I think about it, one thing is clear: talking about innovation, taking risks, and being willing to fail is a lot easier than actually doing it. When was the last time you took a big risk?
Originally posted on Acumen Fund’s blog