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Innovation model

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Growth of any organization requires continuous movement through phases of exploration of the new and exploitation of the old.

Growth of any organization requires continuous movement through phases of exploration of the new and exploitation of the old.

Published in: Business

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  • 1. INNOVATION MODEL Adapted from @ponbook and @rogerlmartin GAIN Second half of the chessboard First half of the chessboard We’re Right Got it figured out We’re Winners (in theory) (Forever)Exploitation Explorationof old reliable of new validbehaviour behaviour Disruptive Ideas Work the Bugs Out Confusion Refine the Algorithm Messy Experiments LOSS Self Canibalization
  • 2. Sustainable Growth Through Balance Of Exploration and ExploitationCharacteristics of Characteristics ofExploitation Exploration•Reliability • Validity•Efficient • Uncertainty & Hunches•Formula • Knowledge•Confidence • Insecurity•Perceived Predictability • Unknown•The Herd • Alone