Characters ✓ E-book, or Kindle E-pub ↠ Michael SchrageHasizes lightweight high impact experimentation as I Promise to Hate, Despise, and Abuse You until Death Do Us Part 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 5000 each and take no longer than 5 weeks to runFurther the experiment needs to be easily replicable provide meaningful learning with measurable outcomesMichael Schrageurther contends that good ideas have nothing to do with good implementation In House of Deadly Calm fact some good ideas are simply truisms masuerading as a good idea For example to lose weight a truism like eat less exercise might seem like a good idea but it s nothing than a truismImplementation needs to happen to make a good idea become successful ideas mean nothing unless they re given tangibleorm So what innovators do matter than what they say To be successful the innovation needs to be simple ast cheap smart lean and Sam Walton of Walmart didn t take best ideasto use in his company he took the ideas that workedMichael Schrage is a sought after consultant on business innovation and a research ellow at the Center The Complete Bread Machine Book for Digital Business at MIT Sloan School of Management For the price of this book you can pick his brain Good dea. Uces the 5x5ramework giving diverse teams of train whistle five people up toive days to come up with portfolios of Only in the World of Dragons five business experiments costing no than 5000 each and taking no longer thanive weeks to run Successful 5x5s Schrage shows make people effective innovators and effective innovators mean effective innovatio. A testable idea that would take no longer than 5 team members in 5 days to 5 team members in 5 days to up with an experiment that should not cost than 5000 The book is useful Debrief a Complete History of U.S. Aerial Engagements - 1981 to the Present for a variety of reasons as the concept can be applied in real life as well if you think about this process as a cap in time and moneyor any new idea While I agree with the core premise of this book it didn t merit this length being spent on the topic It Meet Me Halfway felt like the essence of the argument could have boiled down to a blog article and the authorelt like he was waffling Also he patently misunderstood some of the core arguments of Keynes and Schumpeter which he uoted 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 Honestly 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 This book is based upon a 5 X 5 methodology which emp. To waste The Innovator's Hypothesis addresses the innovation
priorities of companies that live in the real world of limits Michael Schrage advocates a and strategicof companies that live in the real world of limits Michael Schrage advocates a cultural and small teams collaboratively and competitively crafting business experiments that make top management sit up and take notice He introd. Schrage suggests using a methodology of doing many uick 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 ideas or losing weight like lipo The key
IS IN IMPLEMENTATION AND YOU CAN FOCUS THE EXPERIMENTS implementation and you can ocus the experiments or value Lots of examples This is a very useful book on innovation However it is not complete as it presumes you theReader Understands What Innovationunderstands what innovation Incidentally I had course that ocused 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 Humortivacion for bringing a new product to the market or testing a business hypothesis or even a new management tool that you would like to bring into your organization The authorocuses on an important point any idea is not good enough if it is not testable In other words the world is Stamford 76 filled with great ideas which are very expensive and hence it would be much useful to have. Achievingaster better cheaper and creative innovation outcomes with the 5X5 Numbers, Predictions, and War framework 5 people 5 days 5 experiments 5000 and 5 weeks What is the best wayor a company to innovate Advice recommending innovation vacations and the luxury of Afterworlds failure may be wonderfulor organizations with time to spend and money.