Innovation requires taking risks, which can often be a challenge, especially for big multinational corporations.
So what does it take for some of those companies to innovate?
Limiting risk by knowing your market, trying pilots to prove a model, and creating new business divisions or processes are all ways to support greater innovation.
Devex Impact interviewed Orange’s Catherine Flouvat, Philips’ Maarten van Herpen and Unilever’s Carolyn Jones about innovation, risk-taking and how to scale on the sidelines of this year’s European Development Days. Watch the video above to see what they had to say.
As a Devex Impact associate editor, Adva leads coverage of the intersection of business and international development. From partnerships to trade and social entrepreneurship to impact investing, she enjoys exploring the role the private sector and private capital play in development. Previously, she has worked as a reporter at newspapers in both the U.S. and South Africa. Most recently, she has been ghostwriting a memoir for a former child slave and NGO founder in Ghana.
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