Abstract:Organizations today struggle with remaining innovative in an ever-changing environment. Disruptive innovation continues to be a threat for large organizations, especially when they are not investing in R&D that is directed to innovative products.
Innovation Pipelines and Lean Startup can help protect your organization from disruptive ideas by discovering and implementing the disruptive products first.
How long does it take for a good product idea to die in your organization? How long can a bad product idea live? Can innovative or disruptive ideas get funding? Do they get parked? Are they ever seen by the right people? If you are dissatisfied with any of your answers to the above questions, the ideas presented in Lean Startup and Innovation accounting might be what you are looking for. In this talk we will discuss the lifetime of an innovative idea, and how to nurture new and relevant ideas to make innovative products and prevent stagnation in your product catalog.
Key Takeaways:
- Reasons for investing in disruptive innovation
- Innovation pipelines and getting good ideas to the right people
- Lean Startup concepts like Innovation Accounting and Pivoting
- Ideas on communicating the value of lean startup to the business.
Learning Outcomes:- Lean Startup based on key concepts realized through changes made to the example organization
- Innovation Accounting through discussion around the financial aspects of Lean Startup
- Innovation Pipelines via personal examples given
- Customer Development via Lean startup examples
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