Ego risk: Why Innovation Fails - Teague Hopkins

EGO RISK: WHY INNOVATION FAILS

Teague Hopkins @teaguehopkins

teague@teaguehopkins.com

1. Tech Risk 2. Market Risk 3. Ego Risk

e·go - ˈēgō - noun “a person’s sense of self-esteem or self-importance”

e·go - ˈēgō - noun “a Latin and Greek word meaning ‘I’, often used in English to mean the ‘self’, ‘identity’ or other related concepts.”

e·go - ˈēgō - noun “the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.”

Reality Testing

Fundamental Attribution Error

Arrival Fallacy

Guess the Rule

Confirmation Bias

More Cognitive Biases

Survivorship Bias

Sunk Cost

Fallacy

Availability Heuristic

Bandwagon Effect

Halo Effect

Hindsight Bias

It’s worse for innovators Uncertainty & Ambiguity

Trough of sorrow

How to Manage Ego Risk

Management: First self, then team

Objectivity & Mindfulness

Minimum Effective Dose

Habit Loop: Cue, Routine, Reward

Management: First self, then team

Team Ego Risks

Half-life of Enthusiasm

Hippo

Highest Paid Person’s Opinion

No one ever got fired for picking

Helvetica

Zombie Projects

Launch & Forget

Culture

Habit Loop: Cue, Routine, Reward

Growing Culture

Good Culture \ Bad Culture

Free Beer & Ping Pong

Power distance & folkways

Folkways

Management is a Discipline

Hammonton Photography

Arenamontanus foxypar4 Flооd Christiaan Triebert

archer10 (Dennis) Wendy Longo photography

Muha

Shing Yan RelaxingMusic Meetup Central Openeye mcw026 Zimpenfish Kolya Cooky Yoon ScoRDS A440 Peter E. Lee

LuisJouJR Wanderlinse Arno Meintjes Wildlife

The Logo Smith Flying Jenny Pro-Zak Sky Noir kennysarmy

Photo Thanks – Creative Commons

EGO RISK: WHY INNOVATION FAILS

Teague Hopkins @teaguehopkins

teague@teaguehopkins.com