For many years, modern portfolio theory and its adaptation to technology and innovation in law has been one of my recurring big themes. As in your financial portfolio, risk and reward must be assessed and your tech and innovation efforts must be seen as a portfolio to increase your chances of good longterm returns.
You want to do do things in connection with your portfolio:
- Diversity it
- Align it with your risk tolerance
As I like to say, the concepts are easy. There’s a whole chapter in my book, Successful Innovation Outcomes in Law: A Practical Guide for Law Firms, Law Departments and Other Legal Organizations, focused on this topic and the theme is found many places in the book.
I’ve been thinking lately about the risk tolerance part. Might there be a way to usefully quantify that so you can act on it?
I’ve created an Organization Innovation Risk Tolerance Quiz that does exactly that. 25 questions will guide you through four large categories of organization risk tolerance. You’ll get a score that you can use in several ways to help you with innovation risk management.
It’s available now on Gumroad.com for US$9.95.
Buy Organization Innovation Risk Tolerance Quiz here.
Let me know how it helps you.
You can find other information products in my Gumroad catalog.
Members of the Kennedy Idea Propulsion Laboratory Premium Community receive the Quiz as part of their memberships.
[Originally posted on DennisKennedy.Blog (https://www.denniskennedy.com/blog/)]
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