In the world current disruption and volatility, corporates are under intense pressure for new innovation, transformation and implementation, where most of them were adapting the traditional approach of an annual plan for project innovation, this include, ideas, budget, allocated team and KPI’s, which considered as waterfall approach for managing innovation project.
Indeed, many of these innovation projects struggled to be realized if it’s successful or real ones till year end, or till the project fall and collapse by itself unfortunately, where by then, huge amount of investments been lost, time wasted and most important it’s block the opportunity for the real innovation projects to be noticed and have exposure inside the corporate, especially if the yearly (long term) ones have occupied all the budget and intention.
Therefore a new mindset of managing innovation project should be adapted and implemented, new agile approach will need to take over to manage the ideas, finance, team and testing how desirable and viable each innovation project is in the market and how it’s feasible to the company.
Agile Approach for Innovation Management by Mohammad Musleh
1. LEAN & AGILE ME SUMMIT 20
Presentation
Subject: Agile Approach for Innovation
Management
11th March 2020
Presented By
Mohammad Musleh MBA, PMP, LSSYB, B.Eng.
Founder of Thinkinova.Com
Rethink Innovation
4. THE AGENDA
WHY – The Purpose
We believe in rethinking the way we innovate is
the new approach of the business innovation
revolution
HOW – The Approach
Think differently to transform your business and
service using agile strategy, be disruptive!
WHAT – The Techniques
Which and what tools and methods we need to
implement agile mindset for innovation?
6. V U C A
Volatility Uncertainty Complicity Ambiguity
Rate of Change,
rapidly and
unpredictably
Unclear about the
present, need to
invest in info- collect,
interpret and share
Multiple Key
decision factors,
variety of
interconnection
around the globe
Lack of clarity
about meaning
of an event,
need hypothesis
testing and
System Thinking
A BRAVE NEW WORLD
TRADITIONAL STRATEGY IS NOT FITING
7. WHY AGILE INNOVATION
Technologies
keep evolving
and innovating
fast! Companies
in pressure to
create Value
Fast!
SPEED
More pressure on price,
economy scale, production, no
value added, no differentiation
in Tech competition (H.C)
COMMODITIES TRAP
The Businesses
are growing fast,
high customer
demands, new
entrants keep
disrupting
DISRUPTION
The Economy is
transforming to new
trends, Digitalization,
Experience, New Values
TRANSFOMRATION
INNOVATOR’S DILLEMMA
16. WATERFALL VS AGILE INNOVATION
PLAN
CREATE
REVIEW
RELEASE
PROJECT TIMELINE
BUILD
PLAN
LEARN
MEASURE
BUILD
PLAN
LEARN
MEASURE
BUILD
PLAN
LEARN
MEASURE
17. THE AGILE INNOVATORS
THE CHARACTERISTIC
ü Individual interaction and fast
decision making
ü More customer development and
collaborations, customer centricity
ü Responding to change efficiently and
adapt to complexity
ü Survival through flexibility
Traditional Agile
19. WHAT TOOLS AND TECHNIQUES
NEW MINDSET TO INNOVATE
BUSINESS MODEL GENERATION
Building blocks and
transformation of your
business framework
(Alex Osterwalder)
CORPORATE STARTUP
Change the corporate
mindset to think like
entrepreneur and adopt
the “Lean Startup”
approach (E.R) and
Tandayi Viki
DESIGN THINKING
AGILE STRATEGY
A framework based on the
iterative development
process, it’s results-focused
approach for continuous
improvement
Design Thinking is human-
centered approach to solve
problem, it’s non-linear and
iterative process, which seeks
to understand the needs of
users and market
20. You will experience 5 steps during the Design
Thinking journey, where you always keep ”Ideating”
all the times and seeking for new ideas.
Empathizing
Defining
Ideating
Prototyping
Testing
DESIGN THINKING
21. DESIGN THINKING FOR INNOVATION
The benefit of the Design
Thinking approach is it will
always cover the basic 3-
Pillars to success in ANY
innovation project,
product, service or
business
I. Desirability
II. Feasibility
III. Viability
23. ACCELERATE
QUARTERLY DESIGN SPRINT
IDEA
VISION
AGILE AND LEAN STARTUP
FAIL AND LEARN FAST
BUILD MVP
DECIDE
LEA
RN
MEASURE
PIVOT OR
PERSEVERE
POTENTIALLY
SHIPPABLE
PRODUC OR
SERVICE
TURN IDEA TO
PRODUCT
SEE HOW CUSTOMERS
RESPOND (Jobs-To Be-Done)
ADOPT THE MENTALITY OF
EXPERIMENTATION
NO
FIVE-YEARS
INNO
VATIO
N
STRATEG
Y
AND
FIX
PLAN!
24. Henry Mintzberg Emergent Strategy
REALIZED FIT-STRATGEY
Push back from
the market
During Customer Development
Qualitative
Research
SYNTHESIS
INTUITION DATA
Quantitative
Research
Data
Driven
Hypothesis
Driven
KEY
Informed Data
25.
26. INNOVATION ROADMAP
HOW THE TOOLS WILL INTEGERATE TOGETHER
PROBLEM FIT
SOLUTION FIT
GROWTH FIT
DESIRABILITY VIABILITY FEASIBILITY
DESIGN THINKING
PROTOTYPE/ MPV /
SANDBOX
BUSINESS MODEL
INNOVATION
AGILE
DEVELOPMENT
LEAN STARTUP
TESTING
EMPATHIZE
BM CANVAS AND KIT
RE-ENGINEERING BM
DESIGN
SPRINT(S)
*Adapted
27. THREE KEY TAKEAWAYS
CONCLUSIONS
EXPERIMENT
TIME
TEAM
BELIEVE IN THE SMALL TEAM
ADAPT EXPERIMENT CULTURE
PLAN AND INVEST IN SHORT
SIGHT FOR INNOVATION
ü Discipled Execution Vs Innovation
Bureaucracy Vs Cross-Functional Team
ü Fail and learn fast, Psychological Safety
ü Innovate in short stage, validate and then
gradually enhance