The innovation mindset : eight essential steps to transform any industry / Lorraine Hudson Marchand ; with John Hanc.

Format:

Book

Author/Creator:

Marchand, Lorraine Hudson, author.

Contributor:

Hanc, John, contributor.

Language:

English

Subjects (All):

Product design.

Product management.

Technological innovations--Economic aspects.

Technological innovations.

Physical Description:

1 online resource (xv, 300 pages)

Place of Publication:

Chichester, West Sussex : Columbia University Press, [2022]

Summary:

Innovation requires more than a eureka moment. The vast majority of new product ideas never make it to market. Typically, this is because of the failure to address a real problem that a customer has experienced and is willing to pay to have solved. What do people and businesses need to know what the realities of innovating in order to develop products successfully? Lorraine Marchand -- a seasoned practitioner who has guided Fortune 500 companies and start-ups on developing and launching new ideas -- lays out a step-by-step framework for spurring success. She shares her eight laws of innovation, a formula for driving significant and lasting transformation in any organization. Marchand emphasizes the frame of mind needed to spark the innovation process, underscoring the importance of creating a problem-solving culture and supporting personal curiosity, passion, and talent. She pinpoints the strengths shared by the big ideas that break through and debunks the myths that hold back aspiring creators. Drawing on her experience as a woman in a male-dominated field, Marchand discusses how to support entrepreneurship by women and highlights the contributions of underrepresented innovators. Marchand's how-to program for innovation is clear and easy to follow, featuring a toolkit of strategic templates and planning frameworks that are illustrated by helpful case studies. Written in authoritative but conversational language, The Innovation Mindset offers a practical plan for both the veteran with another great idea and the first-timer with a big dream.

Contents:

Foreword by Spencer Rascoff

Foreword by Laura Maness

Introduction. How sweet it is: the spark of a great idea

The first law of innovation: a successful innovation must solve a problem

It's the law! One great innovation starts with at least three good ideas: here's how to find them

We're rooting for your MVP!

The law of one hundred customers (they can't be wrong!)

Law-abiding innovators must be ready to pivot at any point in the process!

Developing your business model and plan

How serial entrepreneurs increase their odds of success

Coaxing capital: no innovation without communication

Execution and exit: managing your innovation and, if necessary, moving on

Unique challenges women innovators face and why

Appendix 1. Types of customer research

Appendix 2. Business model canvas

Appendix 3. Example of actual business plan: Ocular Proteomics, LLC

Appendix 4. Sample application for angel investor funding

Appendix 5. Example of actual pitch deck: Ocular Proteomics

Appendix 6. Guidelines for completing the investor pitch

Appendix 7. Resource guide for women innovators.

Notes:

Includes bibliographical references and index.

Description based on print version record.

Other Format:

Print version: Marchand, Lorraine The Innovation Mindset

ISBN:

9780231554862

0231554869

OCLC:

1336405190