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High Velocity Innovation

Book Description

When a company can get its best ideas to market faster, its leaders can be confident that their most important strategic decisions will be executed faithfully, and their visions for the company’s future will be realized. They are also able to be agile in response to market changes, pursue new opportunities, and achieve ambitious plans for growth. High Velocity Innovation will show how companies accelerate growth with: The strategic elements that pull innovation from their best people A framework for driving innovation that overcomes roadblocks, cultural barriers, and the pressure to sustain the current business Leadership models and metrics for building high accountability and responsiveness into innovation systems A roadmap for accelerating innovation across your business, no matter where you are now Businesses like yours can establish strategies, systems, processes, and tools that build innovation velocity by addressing the root causes that lead to innovation disappointments. To succeed, your best ideas need solid execution without launch delays, budget overruns, or poor product/market fit. Not every idea will succeed—and not every idea should succeed. But a company’s best ideas can be identified and accelerated with High Velocity Innovation.

Table of Contents

  1. Cover Page
  2. Title Page
  3. Copyright
  4. Dedication
  5. CONTENTS
  6. FOREWORD
  7. INTRODUCTION
    1. What Is High Velocity Innovation?
    2. Innovation Is Everyone's Responsibility
    3. Myths About Innovation
    4. Fast Innovation Is Effective Innovation
    5. The System for High Velocity Innovation
    6. Build an Innovation System for High Velocity
  8. PART ONE: WHY YOUR COMPANY NEEDS HIGH VELOCITY INNOVATION
    1. CHAPTER ONE: WHY INNOVATION PROGRAMS TAKE TOO LONG
      1. Innovation Management Is Counterintuitive
      2. Innovation Program Leaders Try to Do the Right Thing
      3. The Things People Do to Speed Up Innovation Slow It Down
      4. Wrong Methods for Innovation
      5. The Root Causes of Slow Innovation
      6. The Core Problem: Lack of Pull for Innovation
      7. People Become Innovative by Delivering Innovation
      8. Your Next Actions
    2. CHAPTER TWO: INNOVATION ACHIEVES VELOCITY THROUGH PULL
      1. Innovation Velocity Starts with a Strong Pull
      2. It's Not Easy to Push Spaghetti—or Innovation
      3. Pull Makes It Easier to Get Hard Things Done
      4. Internal Pull Accelerates Innovation
      5. A Good Innovation Process Pulls Innovation Early
      6. A Clear Path to Follow Through Uncertainty
      7. Your Next Actions
    3. CHAPTER THREE: THE HIGH VELOCITY INNOVATION SYSTEM
      1. The Roots of the High Velocity Innovation System
      2. Innovation Methods Pull Good Work and Push Side Effects
      3. An Innovation System that Builds Velocity
      4. Your Next Actions
  9. PART TWO: THE ELEMENTS OF HIGH VELOCITY INNOVATION
    1. CHAPTER FOUR: STRATEGY THAT ACCELERATES INNOVATION
      1. The Minimum Viable Strategy
      2. Strategy Pulls Ideas that Fit
      3. Communicating Strategic Decisions with Clarity
      4. Strategy Pulls a Culture of Innovation
      5. Successful Innovation Builds a Culture of Innovation
      6. Your Next Actions
    2. CHAPTER FIVE: THE RAPID INNOVATION TEAM
      1. Innovation Thrives on Collaboration
      2. Good Innovation Team Members Are Entrepreneurial
      3. The Best Innovation Program Leaders Are Good Coaches
      4. Innovation Sponsors Keep the Innovation Flame Burning
      5. Team Structure for High Velocity Innovation
      6. Your Next Actions
    3. CHAPTER SIX: RAPID LEARNING CYCLES
      1. Rapid Learning Cycles Pulls Strong Innovation Practices
      2. Rapid Learning Cycles Adapts Agile
      3. The Nature of Work for a Physical Product
      4. Agile for Tangible Products Is Not as Helpful
      5. The Flow of Knowledge Into Design Decisions
      6. Pull Learning Forward—Push Decisions Later
      7. Rapid Learning Cycles Are Built Around Learning
      8. The Core Hypothesis Defines the Product
      9. Key Decisions Drive Product Success
      10. Knowledge Gaps Highlight Learning to Be Done
      11. Deliverables Encapsulate Decisions
      12. Learning Cycle Teams and Closing Knowledge Gaps
      13. Events Pull Real-Time Knowledge Capture
      14. Rapid Learning Cycles Pull Better Decisions
      15. Your Next Actions
    4. CHAPTER SEVEN: INNOVATION PROGRAM MANAGEMENT
      1. Innovation Programs Experience More Change and Risk
      2. Right Tools for the Phase and Nature of the Work
      3. The Three Stages of an Innovation Program
      4. A Flexible Approach Focuses Innovation Teams
      5. Your Next Actions
    5. CHAPTER EIGHT: PLATFORMS AND EXTENSIBLE KNOWLEDGE
      1. Innovation Development Is Knowledge Development
      2. What Is Extensible Knowledge?
      3. The A3 Report for Capturing Knowledge
      4. Levels of Extensible Knowledge
      5. Building and Using Extensible Knowledge
      6. Cadenced Release Plans Pull Extensible Knowledge
      7. Technology Roadmaps to Build Extensible Knowledge
      8. Extensible Knowledge Drives High Velocity Innovation
      9. Your Next Actions
    6. CHAPTER NINE: HOW TO MEASURE HIGH VELOCITY INNOVATION
      1. Metrics for a Running Innovation Team to Track
      2. When It's Going Well, You'll Know
      3. Lead with Observations
      4. Metrics for Monitoring Innovation Programs
      5. How to Define a Metric
      6. The Balanced Scorecard for the Innovation Program
      7. Metrics that Waste Your Time
      8. Measuring the Pace of Innovation
      9. Organization-Level Metrics that Drive the Wrong Things
      10. What Do You See?
      11. What Keeps You up at Night?
      12. Your Next Actions
  10. PART THREE: HOW TO BUILD HIGH VELOCITY INNOVATION
    1. CHAPTER TEN: EXPERIMENTS WITH HIGH VELOCITY INNOVATION
      1. Small Steps to High Velocity Innovation
      2. Team-Level Experimentation Practices
      3. How to Get Started
      4. The Roadmap from Here
      5. Your Next Actions
    2. CHAPTER ELEVEN: THE PILOT PROGRAM
      1. The Pilot Program Saves Time
      2. Pilot Teams Have Two Objectives
      3. Planning for Your First Pilot
      4. Running the Pilot Team
      5. Capitalize on Enthusiasm
      6. Allow for Organic Growth Within Limits
      7. When Is It Time to Move On?
      8. Your Next Actions
    3. CHAPTER TWELVE: HIGH VELOCITY INNOVATION AT SCALE
      1. The Learning Phase
      2. The Transformation Phase
      3. The Move Into Sustainability
      4. How Long Will This Take?
      5. How to Know You Achieved High Velocity Innovation
      6. Your Next Actions
  11. CONCLUSION: THE RIGHT IDEA AT THE RIGHT TIME
    1. Pull for Rapid Learning Cycles
    2. What Will Be Your Innovation Story?
  12. APPENDIX A: BOOK STUDY GUIDE
    1. How to Use This Book in a Study Group
    2. Best Practices from My Clients
  13. APPENDIX B: SYSTEMS AND TOOLS THAT SUPPORT HIGH VELOCITY INNOVATION
    1. The Infrastructure to Support High Velocity Innovation
    2. Key Documents
    3. Real-Time Collaboration Tools
    4. Online Tools
    5. Tools to Avoid
    6. Start with What You Have
  14. APPENDIX C: PILOT PROGRAM GUIDE
    1. Don't Wait for Your Pilot Team to Get Started
    2. The First Learning Cycle
    3. How to Sustain the Rapid Learning Cycles Framework
    4. Support Organic Growth
  15. FURTHER READING
    1. Resource Materials for this Book
    2. Books by the Author
    3. Other Books for Innovators
  16. NOTES
    1. Chapter 1
    2. Chapter 3
    3. Chapter 6
    4. Chapter 9
    5. Afterword
  17. ACKNOWLEDGMENTS
  18. INDEX
  19. ABOUT THE AUTHOR