Innovation is said to be essential for survival in most industries. Yet, innovation can be very risky -- some innovations can even destroy value. How can managers and entrepreneurs know what to do, and how should this trade-off between innovation and risk be treated? What are the broader social goals that ought to be achieved via innovation? One of Canada's most distinguished thinkers John Ralston Saul shares his thoughts and is joined in discussion by CIGI President Rohinton Medhora.