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Encouraging and Rewarding Risk-Taking in Business

Subscribe to our channel to get the latest updates:    / tatacomms   Hernan Lopez, CEO of Fox International Channels, discusses the rapid pace of innovation and disruption in the television industry, specifically the rise of internet streaming, and the challenges established companies face in adapting to change. Lopez emphasises the importance of promoting and rewarding risk-taking within an organisation and being methodical about failing fast and abandoning projects without success. He also advises leaders to push everyone with an idea to do their best to establish and launch it, despite the barriers to innovation within established companies. Lopez stresses the role of partnerships in innovation, including suppliers and vendors, and discusses how Fox and other companies in the television industry are being disrupted by over-the-top (OTT) players like Netflix and Hulu. His advice to employees is never to give up and to recognise that there will always be a system within the system that will slow down change. To learn more about our services, please visit: https://www.tatacommunications.com #tatacommunications #tata #rewardingrisk #encourage_and_reward_risk_taking #hernan_lopez

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