How top innovators manage risk

- Organizations like Pixar, Tesla, and Novartis … are constantly taking innovation risks, … but their leaders have found ways to encourage … and manage that risk better than the competition. … When you look closer at these companies, … you'll see a few common methods for their creative madness. … For instance, innovative companies aren't afraid … to hire risk-takers. … Automaker, Tesla, actually looks for candidates … who have a reputation for upsetting the status quo. … Also, when Pixar staffed the film, "The Incredibles," … the director, Brad Bird, sought out animators … who were known as black sheep. … He knew that the rule breakers … would bring a fresh perspective to the project … and Pixar was rewarded when the film took home … a pair of Oscars in 2005. … Borrowing Pixar and Tesla's approach to hiring … can help increase your company's risk tolerance. … Innovative companies also leverage technology … to improve their innovation process. … Pharmaceutical giant, Novartis, tracks the progress …