Lean Innovation: How to Become an Effective Innovator

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What is innovation? What is "not" innovation? What makes innovation lean? What are the characteristics of an innovator? How can an innovator work within a big company? All these questions are answered …

What is innovation? What is "not" innovation? What makes innovation lean? What are the characteristics of an innovator? How can an innovator work within a big company? All these questions are answered in this presentation!

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Transcript

  • 1. lean innovationhow to become an effective innovator by @ielshareef
  • 2. I want my innovation back ...
  • 3. what is innovation?
  • 4. in·no·va·tion (n.) /ˌinəˈvāSHən/ “There are risks and costs to action. But they are far less than the long range risks of comfortable inaction.” - John F. Kennedy
  • 5. in·no·va·tion (n.) /ˌinəˈvāSHən/ “If youre not failing every now and again, its a sign youre not doing anything very innovative.” - Woody Allen
  • 6. in·no·va·tion (n.) /ˌinəˈvāSHən/ “Innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea.” - Steve Jobs
  • 7. in·no·va·tion (n.) /ˌinəˈvāSHən/ is not ideation
  • 8. in·no·va·tion (n.) /ˌinəˈvāSHən/ is not research
  • 9. in·no·va·tion (n.) /ˌinəˈvāSHən/ is not invention
  • 10. +
  • 11. +
  • 12. +
  • 13. +
  • 14. in·no·va·tion (n.) /ˌinəˈvāSHən/ ?!
  • 15. in·no·va·tion (n.) /ˌinəˈvāSHən/is creativity + execution + biz value + evolution
  • 16. in·no·va·tion (n.) /ˌinəˈvāSHən/is creativity + execution + biz value + evolution
  • 17. in·no·va·tion (n.) /ˌinəˈvāSHən/is creativity + execution + biz value + evolution
  • 18. in·no·va·tion (n.) /ˌinəˈvāSHən/is creativity + execution + biz value + evolution
  • 19. in·no·va·tion (n.) /ˌinəˈvāSHən/is creativity + execution + biz value + evolution
  • 20. inventor +innovator
  • 21. inventor +innovator
  • 22. in·no·va·tion (n.) /ˌinəˈvāSHən/ so
  • 23. who is an innovator?
  • 24. NOT
  • 25. 1.dreamer
  • 26. 2.fighter
  • 27. 3.doer
  • 28. invention? orinnovation? or both!
  • 29. - patent-heavy- assumed business value
  • 30. - patent-heavy- assumed business value- great invention- failed innovation
  • 31. innovating the lean way.
  • 32. leanwhat is innovation?
  • 33. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ is creativity + execution + biz value (?) + evolution
  • 34. lean in·no·va·tion (n.) /ˌinəˈvāSHən/?? = high uncertainty
  • 35. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ you think you know what people want but you don’t really know.
  • 36. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ a series of discovery & failure
  • 37. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ a series of validated guesses aka hypotheses
  • 38. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess 1 guess 6 guess 2 guess 7 guess 3 guess 8 guess 4 guess 9 guess 5 ....
  • 39. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ product has min. features to validate your guess
  • 40. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess
  • 41. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess MVP
  • 42. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess MVP
  • 43. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess MVP guess
  • 44. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess MVP guess MVP
  • 45. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess MVP guess MVP
  • 46. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess MVP guess guess MVP
  • 47. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess MVP guess guess MVP MVP
  • 48. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ guess MVP guess guess MVP MVP
  • 49. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ follow the green path
  • 50. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ if all guess are invalidated: pivot OR keep going
  • 51. corporate leaninnovationhas its ownchallenges
  • 52. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ in the corporate world pros cons
  • 53. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ in the corporate world pros cons people funding support
  • 54. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ in the corporate world pros cons people people funding roadmaps support resources
  • 55. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ in the corporate world time is not on your side
  • 56. lean in·no·va·tion (n.) /ˌinəˈvāSHən/ in the corporate world know your tools
  • 57. measure everything
  • 58. find yourallies
  • 59. most importantly
  • 60. one moreimportantthing...
  • 61. SELL IT
  • 62. to recap ...
  • 63. innovation is: vision plus execution plus biz value plus evolution
  • 64. innovation requires: trust plus learning plus focus plus storytelling
  • 65. remember
  • 66. you will fail
  • 67. you will fail if you don’t .. you’re not innovating
  • 68. @ielshareef thank you