The Innovator's Hypothesis: How Cheap Experiments Are Worth More Than Good Ideas (2020)

The Innovator s Hypothesis How Cheap Experiments Are Worth More Than Good Ideas Achieving faster better cheaper and creative innovation outcomes with the X framework people days experiments and weeks What is the best way for a company to innovate Advice rec
  • Title: The Innovator's Hypothesis: How Cheap Experiments Are Worth More Than Good Ideas
  • Author: Michael Schrage
  • ISBN: 9780262028363
  • Page: 326
  • Format: Hardcover
  • Achieving faster, better, cheaper, and creative innovation outcomes with the 5X5 framework 5 people, 5 days, 5 experiments, 5,000, and 5 weeks What is the best way for a company to innovate Advice recommending innovation vacations and the luxury of failure may be wonderful for organizations with time to spend and money to waste The Innovator s Hypothesis addresAchieving faster, better, cheaper, and creative innovation outcomes with the 5X5 framework 5 people, 5 days, 5 experiments, 5,000, and 5 weeks What is the best way for a company to innovate Advice recommending innovation vacations and the luxury of failure may be wonderful for organizations with time to spend and money to waste The Innovator s Hypothesis addresses the innovation priorities of companies that live in the real world of limits Michael Schrage advocates a cultural and strategic shift small teams, collaboratively and competitively crafting business experiments that make top management sit up and take notice He introduces the 5x5 framework giving diverse teams of five people up to five days to come up with portfolios of five business experiments costing no than 5,000 each and taking no longer than five weeks to run Successful 5x5s, Schrage shows, make people effective innovators, and effective innovators mean effective innovations.
    The Innovator s Hypothesis The MIT Press The Innovator s Hypothesis addresses the innovation priorities of companies that live in the real world of limits Michael Schrage advocates a cultural and strategic shift small teams, The Innovator s Hypothesis How Cheap Sep , The Innovator s Hypothesis addresses the innovation priorities of companies that live in the real world of limits Michael Schrage advocates a cultural and strategic shift small teams, The Innovator s Hypothesis by Michael Schrage The Innovator s Hypothesis addresses the innovation priorities of companies that live in the real world of limits Michael Schrage advocates a cultural and strategic shift small teams, The Innovator s Hypothesis How Cheap Experiments Are Jan , The Innovator s Hypothesisaddresses the innovation priorities of companies that live in the real world of limits Michael Schrage advocates a cultural and strategic shift small teams, The Innovator s Hypothesis How Cheap Experiments Are Feb , The Innovator s Hypothesis is a brilliant breakthrough of a book that includes the first fresh thinking on innovation in years Simple, profound, empowering methods any company can The Innovator s Hypothesis How Cheap Experiments Are The Innovator s Hypothesis How Cheap Experiments Are Worth More than Good Ideas by Schrage, Michael Hardcover Hardcover January , . out of stars ratings See all formats The Innovator s Hypothesis by Michael Schrage The Innovator s Hypothesis shows us how modern innovation no longer comes from big, costly, time intensive research and development departments These days, the innovation The Innovator s Hypothesis Product Review Body Mind Soul Aug , What is the best way for a company to innovate That s exactly the wrong question.The better question How can organizations get the maximum possible value from their The innovator s hypothesis how cheap experiments are Get this from a library The innovator s hypothesis how cheap experiments are worth than good ideas Michael Schrage In this book Michael Schrage advocates a cultural and strategic shift small The Innovator s Hypothesis How Cheap Experiments Are The Innovator s Hypothesis addresses the innovation priorities of companies that live in the real world of limits Michael Schrage advocates a cultural and strategic shift small teams,
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      326 Michael Schrage
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      Published :2020-06-22T02:28:19+00:00

    One Reply to “The Innovator's Hypothesis: How Cheap Experiments Are Worth More Than Good Ideas”

    1. Schrage suggests using a methodology of doing many quick and cheap experiments to generate innovative behaviors I was greatly confused in the beginning, but Schrage uses an example of an obvious good idea eat less and exercise to lose weight and suggests that there are plenty of other good ideas for losing weight, like lipo The key is in implementation, and you can focus the experiments there for value Lots of examples.

    2. Schage book is good, but he focus a lot in explaining why experiments are good and the best way do create innovation For new people learning about innovation it s good For experienced people and who knows a lot about design thinking and jobs to be done literature the book is good in Part III There he explains the 5x5x5 approach to experiments.

    3. This is a very useful book on innovation However it is not complete as it presumes you the reader understands what innovation is Incidentally I had course that focused on innovation and hence was able to relate this approach to innovation and put it in context The approach, called the 5x5x5, aims to simplify and reduce the cost of innovation btw innovation is not RD, it is much wider whether it was for bringing a new product to the market or testing a business hypothesis, or even a new managemen [...]

    4. While I agree with the core premise of this book, it didn t merit this length being spent on the topic It felt like the essence of the argument could have boiled down to a blog article, and the author felt like he was waffling Also, he patently misunderstood some of the core arguments of Keynes and Schumpeter which he quoted Keynes comment is about economic systems, not what runs companies and you only have to compare China to America to Russia to see the truth of what he was talking about Hones [...]

    5. I liked the book, and it s central theme I was definitely challenged to consider experiments at work I think it was a wee bit longer than it needed to be And the writing style was a bit odd like a combination of lots of little sound bites Which you would think is easier to digest, but instead it made it a harder book to read.

    6. This book is based upon a 5 X 5 methodology which emphasizes lightweight, high impact experimentation, as follows Give a diverse team of 5 people no than 5 days to come up with a portfolio of 5 business experiments that cost no than 5,000 each and take no longer than 5 weeks to run Further the experiment needs to be easily replicable, provide meaningful learning with measurable outcomes.Michael Schrage further contends that good ideas have nothing to do with good implementation In fact, some g [...]

    7. I would give 4 stars for this book if half of it didn t focus on a seemingly endless array of business ideas and companies that successfully used the 5x process The methodology itself is rather good, 5 people, 5 experiments, 5000, and complete the ideas in 5 days Its philosophy of focusing on action and tangible results is refreshing in the age of moving to agile to faster delivery Some of the tips are probably known by seasoned veterans in project management but never the less the good ones inc [...]

    8. This book advocates a cultural and strategic shift for companies to run cheap experiments before putting a lot of money into projects Small teams, collaboratively conducting business experiments The author introduces the 5x5 framework giving diverse teams of five people up to five days to come up with portfolios of five business experiments costing no than 5,000 each and taking no longer than five weeks to run Overall the book has some golden nuggets that I ll take with me to try out, however I [...]

    9. The book is mainly focusing on the importance of experimentation, and claiming its the shortest way for innovation Also offering different to facilitate experimentation happening, specifically through the 5 5 techniques Overall the book motivates firms to stop wasting a lot of time in the myth of creating good ideas, and to start experimenting different hypotheses But i see it s not giving you a real understanding or definition for innovation.

    10. Interesting concept that encourages many quick cheap experiments over the big grandiose experiments I definitely agree that this concept of sequential experimentation and reducing the reliance on making business decisions based on what we think is right The main premise is that you have to do the experiment to show the cause and effect to get the real knowledge and insight that one needs to make better business decisions.

    11. I definitely liked the approach covered in the book of fast paced experiments, and it matches much of current thinking in the Valley But I wish he would have covered about the method itself, how it originated, and of a discussion on how to apply it instead of just having a lot of case studies jumbled together and assuming you know all about the method coming into the book.

    12. Innovator s Hypothesis is an interesting read.The author presents a framework for driving innovation, and goes into details of how the framework can be put into practice.He combines elements from Portfolio management, agile techniques and statistical design for his innovation frameworks.

    13. The author provides interesting views on how innovation is affected by personal bias and costs of change One interesting example is development of a computer mouse by apple, at the fraction of the price of the prototype from Xerox Parc.

    14. Why experiments are the key to successful innovation and a quick, cheap methodology for putting them to work in your company

    15. Fascinating insightOverall an interesting read that is balanced in both theory and application Supported by research and applicable both professionally and personally.

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