Burgelman and Seigel’s minimum winning game
It’s good to be ambitious. Innovators like to aim high. Many people are motivated by doing something remarkable, something that matters. Yet it is also important to know what the minimum acceptable result needs to be. Everyone benefits from figuring out the lowest threshold for performance, design or anything else that will shape the future success or failure of the innovation.
It’s smart to limit your faith in fixed plans but it can be dumb to ignore strategic thinking. The innovator can be so in love with the new ideas that no time is made for strategy. The technologist can be so ...