Radical Project Management (RPM)

 

  

 
   

According to the authors of the Radical Innovation book published by Harvard Business School, there are three types of radical innovation projects:

 

  

 
 

❶ Innovations within the technology / market domains of existing business units – strengthen a firm's position with familiar markets.

❷ Innovations in the "white spaces" between a firm's existing businesses – serve markets that are new to the firm, but within the firm's current strategic context.

❸ Innovations outside a firm's current strategic context – open new and entirely unfamiliar markets.

  

 
   

The authors of Radical Innovation outlined

Key Competencies of a Radical Project Manager

 

  

 
 

Articulation of an inspiring vision

Uncertainty-mapping capability

Development of and ability to follow a learning plan

Recruitment of champions

Effective management of organizational interfaces

Willingness and ability to switch from traditional rigid project management approach to flexible experimental one.

  

 
 

"For in-company ventures in an established business, insulating the new venture from the main business."

~ Peter Drucker

"Radical innovation is always one part fortuity and one part clearheaded vision."

~ Gary Hamel

"Don’t be afraid of the trial-and-error approach."

~ Estee Lauder