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Traditional
Management Approaches Do Not Fit
New game changing breakthroughs can launch
your company into new markets, create a new
→
highly profitable
market niche, enable
rapid growth, and create
→
high return on investment.
Companies that
create
breakthrough innovations are able to
break out of
the pack and
win customers.
→
Surprise To Win:
3 Strategies
→
Value Innovation:
Yin-Yang Strategies
→
Blue Ocean
vs. Red Ocean Strategy
High levels of uncertainties –
technical, market, organizational, and resources
–
create extraordinary challenges
for radical project management.
The problem of multiple dimensions of uncertainty is complicated by the fact
that the uncertainties interact with and strengthen one another.1
>>>
New competencies are required to
address the challenge of
radical innovation project management. These
challenges include:
-
Motivating radical idea generation
and capturing promising ideas in the "fuzzy
front end"
-
Managing sporadic, nonlinear,
stochastic, and context-dependent radical innovation projects
-
Engaging individual initiative
–
upper managers,
project team, and key individuals
-
Learning about and forecasting
markets for radical innovation
-
Reducing uncertainty in the
→
business model
-
Bridging resource and competency
gap...
More
→
Radical Improvement (Kaikaku):
Kore 10 Tips |
