5 business leaders on how to balance innovation with risk - and turn your ideas into action

Here is a 186-word summary of the news article: The article discusses how business leaders can balance innovation with risk to turn their ideas into action. Five business leaders share their insights on this topic. The key points are: 1. Embrace a culture of continuous improvement and experimentation. Small, frequent changes are better than rare, big innovations. 2. Identify and mitigate risks upfront. Carefully assess the potential downsides before launching new initiatives. 3. Empower employees to voice ideas and take calculated risks. Foster an environment where people feel safe to try new things. 4. Start small and scale up successful projects. Test ideas with a limited scope before investing heavily. 5. Focus on solving real customer problems. Ensure innovations are addressing genuine needs, not just introducing new features. The article highlights the importance of balancing caution and boldness to drive business growth through innovation. The insights from experienced leaders provide a practical framework for turning ideas into reality while managing associated risks.