6. Our advice
6.1 Trust your intrapreneurs
Your explorers aren't stupid; they're capable of managing a budget. With very precise rules from the outset, including the idea of the maximum envelope that can be committed, your risks are under control. When you see that expenses are approaching the limit, you can start a discussion on stopping exploration or on future financing.
6.2 Accept deviations, but be strict about the overall envelope
Exploration is a series of surprises to be managed. That's why you...
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