Posts Tagged As Risk Tolerance

Risk vs. Reward – How Compensation, Career Path, and Employment Stability Drive Innovation

For the better part of the last decade I had focused my career on driving innovation for Best Buy, a Fortune 100 retailer, and the undeniable king in the consumer electronics category.  When I joined the company I was focused on identifying innovative products and services that were specifically tailored for the needs of their newly identified customer segments.  I then joined a team where we focused on creating new concept and prototype stores and lead the team responsible for the Escape concept store in Chicago.  Eventually we shut down our two concept stores and I worked to reshape the team into an internal capability that could deliver new prototype stores (i.e. Best Buy Mobile), new retail models (i.e. Best Buy Express), and identify new growth product and service categories (i.e. Personal Transportation, Home Energy Management, and Health & Fitness).

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