The Value of Openness and Transparency in Innovation Management

Being open and transparent is one of our core values at BW Ventures, and there's tremendous value in that. 🎯

🗣️ 𝘞𝘦 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘤𝘢𝘵𝘦 𝘸𝘪𝘵𝘩 𝘳𝘢𝘥𝘪𝘤𝘢𝘭 𝘤𝘢𝘯𝘥𝘰𝘳.
💬 𝘚𝘱𝘦𝘢𝘬 𝘶𝘱, 𝘣𝘶𝘵 𝘥𝘰𝘯'𝘵 𝘣𝘦 𝘢𝘯 𝘢𝘴𝘴𝘩𝘰𝘭𝘦.
🤝 𝘌𝘷𝘦𝘳𝘺𝘵𝘩𝘪𝘯𝘨 𝘤𝘢𝘯 𝘣𝘦 𝘥𝘪𝘴𝘤𝘶𝘴𝘴𝘦𝘥, 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘧𝘪𝘯𝘥 𝘢 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯.

To be successful in managing your stakeholders (a crucial part of being a winning innovation manager), communicating with radical candor is the only way forward.

It's not always easy to be open and transparent, but it helps you solve many issues in your innovation journey.

Sometimes, the reality is harsh, and it should be explained as openly and transparently as possible to ensure you do not waste more time running incorrect experiments or investing in failing models.

🚫 Covering up potential issues will make your story easy now, but it will backfire later.

💡 The more transparent you are, the more goodwill you will create among your stakeholders.

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Don't create unicorns,
Let's breed blue whales.
🐋