Here's an insight from colleague Fred Thompson on the issue of risk in the pbulic sector...

The biggest difference that I saw in my experience in the public and private sectors was the total risk aversion in the public sector.  A model where government can “fail fast” with less consequence (models, pilots, prototypes on small scale) would be very desirable. 

Often government acts with such moment and impact with such great resources at stake that it can’t afford to fail.  The consequences of this are that it takes a long time to act, acts in a thoroughly vetted but often timid and equivocal way and seldom fails.  However, when it fails, it fails massively and expensively. 

A “fail fast” and re-tool approach would be valuable, but finding ways to make this socially and politically acceptable and rewarding the managers and employees that take this path would be needed to change culture on this point.

posted over 3 years ago