The innovator's hypothesis : how cheap experiments are worth more than good ideas / Michael Schrage.

Format:

Book

Author/Creator:

Schrage, Michael, author.

Language:

English

Subjects (All):

Technological innovations.

Creative ability in business.

Physical Description:

1 online resource (254 p.)

Edition:

1st ed.

Distribution:

[Piscataqay, New Jersey] : IEEE Xplore, [2014]

Place of Publication:

Cambridge, Massachusetts : MIT Press, c2014

Language Note:

English

Summary:

In this book 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. Creativity within constraints--clear deadlines and clear deliverables--is what serious innovation cultures do. 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 more than $5,000 each and taking no longer than five weeks to run. The book describes multiple portfolios of 5X5 experiments drawn from Schrage's advisory work and innovation workshops worldwide. -- Edited summary from book.

Contents:

Contents; Preface; Acknowledgments; I The Innovator's Hypothesis; 1 The Innovator's Vision; 2 What is a Business Hypothesis? What are Business Experiments?; II The Innovator's Focus; 3 Ideas are the Enemy; 4 Simple, Fast, Cheap, Smart, Lean, Important; 5 The Fundamental Value Innovation: Stealing from Warren Buffett; 6 Investing in Experiments; III The Innovator's Portfolio; 7 Blockbusted: A Case Study in Experimental Frustration and Failure; 8 Exploring and Exploiting Experimentation: The 5x5x5 Approach; 9 The 5x5 Portfolio: Three Real World Examples; 10 Key Steps to the 5x5

IV The Innovator's Culture11 Crafting Great Business Experiments: Three Themes; 12 A Guide for X-Teams; 13 What Makes ""Hypotesis"" So Hard?; 14 Q & A; V Exploring the 5x5 Exponential Future; 15 Experimenting with Experimentation; Appendix: The Innovator's Hypothesis Math; Bibliographic Essay; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

0-262-32305-2

0-262-52896-7

0-262-32304-4

OCLC:

892430200