Stage Gates Can Kill Innovation—Risk Management Can Fuel It

It’s hard to imagine a company discussing innovation and suddenly turning to risk management as the catalyst that will unleash it.

Risk management is often viewed as the enemy of the innovation ideal: the start-up with its highly empowered teams, agile development, minimal controls, and executives staring down risk with steely courage.

Applying the startup ideal in large organizations has often been an outsized challenge. Many global enterprises are complex and a battery of controls often