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How Leaders Can Reap the Potential of Lean Innovation

Kainexus

When many people think about Lean processes and management , they assume that the goal is to optimize each process with a step-by-step approach to reduce waste and implement incremental improvements. Because people who innovate have bold ideas, but it's Lean thinking that turns fantastic ideas into realities.

LEAN 79
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15 most important Innovation Theories your company should be using

Idea to Value

Every company says that innovation is important, and that they value the ideas of their people. In fact, creativity is becoming a core skill which companies know they need in the future. In fact, according to some estimates by Doblin , 96% of all new innovations which established companies attempt fail to make a return on investment.

Company 248
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What is Lean Innovation? Components and Examples

Moves the Needle

Lean Innovation Definition At Moves The Needle, we define lean innovation as “reducing waste in the discovery, creation, and delivering of new value to customers." We base Lean Innovation principles upon the 3 E’s of Lean Innovation : Empathy, Experiments and Evidence. Where design thinking ends, Lean Startup begins.

LEAN 105
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Bitcoin and Blockchain: A Small Glimpse Into Big Digital Disruptions

Daniel Burrus

For those interested in digital disruption and technological advancements , Bitcoin represented so much more than a way to allegedly make money fast like some type of digital wolf of Wall Street. You can see how this poses a concern for companies that function as a middleman, so to speak. Blockchain: A Whole New Financial Frontier.

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Exploitation pays your salary while exploration pays your pension

Idea to Value

A few months ago, I had the privilege of sitting down with Steve Blank, widely credited as the founder of the Lean Startup movement, for a fascinating podcast interview. The quote above comes from a foreword he wrote for Lead and Disrupt , which is all about Ambidextrous Organisations.

LEAN 210
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Opportunity cost

Idea to Value

Most companies do not struggle with innovation because they have too few ideas. By having too many ideas and not enough resources, these companies often suffer from loss aversion , where they are afraid to invest too much into any one idea in case the other ideas might have been better. If you would like to find out how L.I.V.E.

LEAN 225
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We Can’t Stop Disruption

Moves the Needle

We must embrace disruption in order to make it work for all of us. At every level of the organization, people need to look at themselves and ask, “How do I disrupt myself in order to deal with the new reality?”. In reality, now more than ever, uncertainty exists all across a company. New Behavior. New Leadership.