The Power of Little Ideas: A Low-Risk, High-Reward Approach to Innovation - Hardcover

Robertson, David

Hardcover

ISBN 10: 1633691683 ISBN 13: 9781633691681

Publisher: Harvard Business Review Press, 2017

Synopsis

Conventional wisdom today says that to survive, companies must move beyond incremental, sustaining innovation and invest in some form of radical innovation. "Disrupt yourself or be disrupted!" is the relentless message company leaders hear. The Power of Little Ideas argues there's a "third way" that is neither sustaining nor disruptive. This low-risk, high-reward strategy is an approach to innovation that all company leaders should understand so that they recognize it when their competitors practice it, and apply it when it will give them a competitive advantage.This distinctive approach has three key elements:It consists of creating a family of complementary innovations around a product or service, all of which work together to make that product more appealing and competitive.The complementary innovations work together as a system to carry out a single strategy or purpose.Crucially, unlike disruptive or radical innovation, innovating around a key product does not change the central product in any fundamental way.In this powerful, practical book, Wharton professor David Robertson illustrates how many well-known companies, including CarMax, GoPro, LEGO, Gatorade, Disney, USAA, Novo Nordisk, and many others, used this approach to stave off competitive threats and achieve great success. He outlines the organizational practices that unintentionally torpedo this approach to innovation in many companies and shows how organizations can overcome those challenges.Aimed at leaders seeking strategies for sustained innovation, and at the quickly growing numbers of managers involved with creating new products, The Power of Little Ideas provides a logical, organic, and enduring third way to innovate.

“Tired of only hearing talk about Uber, Tesla or Airbnb? Then this book is for you! An expert in innovation, David Robertson blames leaders who feel lost in the face of injunctions to disruption. And the author is a master of his subject: as well as his position as a professor at Wharton, he has advised businesses for many years on how to improve their innovation of model. He is therefore well placed to propose concrete solutions and operations, but also to highlight the bad habits and beliefs that prevent leaders from making better decisions regarding innovation.”
– Business Digest (France)

About this title

About the Author

David Robertson is a Professor of Practice at the Wharton School at the University of Pennsylvania. From 2002 through 2010, he was the LEGO Professor of Innovation and Technology Management at IMD in Lausanne, Switzerland. Robertson is the host of Innovation Navigation, a weekly radio show and podcast that focuses on the management of innovation. Robertson is the author of Brick by Brick: How LEGO Rewrote the Rules of Innovation and Conquered the Global Toy Industry and coauthor of Enterprise Architecture as Strategy.

Kent Lineback has spent more than twenty-five years as a manager and executive and, before that, several years as a consultant and a creator of management development programs. He has collaborated on several books, including Being the Boss.

Author social media/website info: robertsoninnovation.com; twitter.com/davidcrob; youtube.com/user/RobertsonInnovation; linkedin.com/in/davidchrobertson

Edition details

• Publisher: Harvard Business Review Press
• Publication date: 2017
• Language: English
• ISBN 10: 1633691683
• ISBN 13: 9781633691681
• Binding: Hardcover
• Number of pages: 256