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Business leaders advised to take calculated risks.

Bangkok Post (Bangkok, Thailand)

| January 05, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Umesh Pandey

Jan. 5--Innovation of products and processes will be the key to the success of any corporation in the future and executives need to be encouraged to meet the challenge even if it may be risky, according to Dipak Jain, dean of the Kellogg School of Management.

"Innovation will be the key to doing things in the future," he said, adding that competition could come from areas well beyond the imagination of most managers.

For example, as a member of the board of directors of United Airlines, he insists that the biggest threat to the airline in the future is not from another airline but from technology that will offer better videoconferencing capabilities.

"If you have the perfect technology then I don't have to come to Bangkok. Instead I could teach the class from ...

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Source: HighBeam Research, Business leaders advised to take calculated risks.

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