Mr. Dimon is urging his fellow leaders of top-ranking, publicly-traded corporations to follow his lead in innovating for societal good, in his case, a $30 billion “effort.”
His caution: Until tested, the results of true innovation are “unknowable.” On the other hand, having an innovation but not having the courage to implement it (that is, to test it by implementation) may be the bigger risk.
(Dimon does not mention the historic blunder by the CEO of mighty Xerox decades ago, when Xerox was perhaps the top corporation in the U.S., if not the world. Unwilling to take a risk that could hurt his image if it failed, he sold the opportunity to an intrepid CEO at another company. In short order that other company soared, and Xerox collapsed.)
On a smaller level, but just as important as Dimon’s $30 billion, donors to this HSe4Metrics social media app fundraising campaign have risks.
Risk one: The funds raised by this limited fundraising effort may not be enough to hire and fund a presentation team.
Risk two: The presentation team may not be successful in procuring a sponsor for the HSe4Metrics social media app.
Risk three: In the event a presentation team is hired and procures a sponsor for the HSe social media app innovation, there is no guarantee that the desperately needed HSe4Metrics social media app results for K-12 students will be achieved. (Results will be measured in hard numbers.)