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Podcast: Innovation in Compliance with Tom Fox
Episode: Moving to the Front Lines of Compliance, Part 5
Description: So far in this 5-part series, we’ve dived deep into the different aspects of ‘front line’ compliance. For the final episode, Tom discusses the process of innovation itself. In an article in the MIT Sloan Management Review, entitled “Finding a Lower-Risk Path to High-Impact Innovations," authors Joseph V. Sinfield and Freddy Solis came up with a different method to view the innovation process. They call it the ‘Lily Pad’ approach, and Tom breaks down some interesting ways to apply it.Tom begins with the premise of the article, found in the traditional risk-reward theory, that talks about how the way an o...