Business Chief Europe Magazine August 2019 | Page 46

TECHNOLOGY
new challengers . Of course , casting aside your traditional ways of working comes with an immense amount of risk and so it ’ s understandable that many executives are reluctant to wholeheartedly commit to new projects .
Some companies reach a compromise that allows them to balance these competing objectives . For example , by implementing schemes that allow employees to strike a balance
between their work on existing projects and on developing new ideas . Google ’ s ‘ 20 % time ’ is probably the most feted example as the company ’ s policy of allowing engineers to devote 20 % of their time to personal projects resulted in some of the company ’ s most successful products such as Gmail , AdSense and Google Talks .
While this can approach can be a fruitful one , it ’ s worth noting that many
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CLICK TO WATCH : ‘ RITAM GANDHI TALKS ENTREPRENEURSHIP AND BUILDING A STARTUP THAT BUILDS OTHER STARTUPS ’
AUGUST 2019