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Rapid Experimentation vs. Rapid
Implementation1 |
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Rapid implementation indicates
projects in which it is known where to go and how to get there
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Rapid experimentation refers to
the innovative projects in which the vision of where to go can be
blurry, as can "how to get there".
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Four Success Factors Relating to
Experimentation3 |
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A proven, integrated
management team
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Experience in
start-up management and
industry
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Ability to maintain focus on key success
factors
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Appropriate general management and employee
incentives
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Learning SWOT Questions |
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Business BLISS
Balance –
Leadership –
Innovation –
Synergy –
Speed |
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Speed
is an indispensable ingredient of competitiveness and a precondition
for winning in the new rapidly changing economy...
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A Method for Rapid
Experimentation
Source: Changing Strategic Direction, Peter Skat-Rørdam
Experimentation should be based on a common sense: taking the
first step; learning; taking corrective action; taking the next step; and so
on. The starting point for experimentation is to plan the first actionable
step.
Don't suffocate opportunities by subjecting them to bureaucratic
approval procedures and planning demands. "It is not fruitful to begin
opportunity experimentation by drafting a business
plan. This is, in any event, impossible in any meaningful sense when a
project leads into the unknown. Nevertheless, healthy thinking about how to
get started is useful. The process could begin with a
brainstorming session,
listing potential experimental activities. For example, the team could write
a short paper outlining the results of an opportunity-visualization
exercise, any proposed initial action, and the resources required. The
purpose in all this is to gain experience necessary to support the validity
of the opportunity."
Google
is the Internet’s number one search engine today. What is the reason for
their remarkable success? It’s beta testing and
market learning.
They
launched a less than perfect service into the market place to get market
feedback.
Feedback is the answer to dominating a market. It also makes
great business sense. Google's competitors were trying to
perfect a product by themselves separate from their target market as
Google was continuously and rapidly upgrading their original beta
version by listening to
the customer. They strived to achieve
harmony with the
reality...
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3 Strategies of Market Leaders
The Art of Innovation: 9 Truths
By: Guy Kawasaki
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Jump to the next curve. Too many companies duke it out on the
same curve. If they were daisy wheel printer companies, they think
innovation means adding Helvetica in 24 points. Instead, they should
invent laser printing. True innovation happens when a company jumps to
the next curve – or better still, invents the next curve, so set your
goals high...
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10 Commandments of Innovation
DOs and DON'Ts of a Successful Innovator
By: Peter Drucker
DOs
Start small – try to do one
specific thing...
DON'Ts
Don't undershoot, or you
will simply create an opportunity for competition...
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The Jazz of Innovation
The improvisation-driven model for
innovation project
management doesn’t discard structure, just as there
is a clear structure to good jazz. In innovation, this structure is created
through
roadmaps, guiding principles,
business processes, systems and organizational
charts. Strategic-planning
and road-mapping processes cannot guarantee brilliant flashes of creative
insight, but they can prepare minds and increase the odds that such flashes
occur in real time. Thus structure, as chords do in jazz, serves as a basis
for improvisation,
experimentations,
discoveries and
innovation...
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The Jazz of Innovation: 11 Practice Tips
Apply the
80/20 Rule
80/20 Principle states
that 80% of your results come from 20% of your efforts and activities and
that the progress means moving resources from low-value to high-value uses.
Look through your list of opportunities and circle the 20% that will yield 80% of
the results you are looking for...
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Prototyping
"Quick prototyping is about acting before you've got the
answers, about taking chances, stumbling a little, but then making it right.
Living, moving prototypes can help shape your ideas. When you're
creating something new to the world, you can't look over your shoulder
to see what your competitors are doing; you have to find another source of
inspiration," says Tom Kelly1 from
IDEO...
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Murphy's Law in Project Management
If an
experiment works, something has gone wrong...
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