Curious Leadership with Dominic Monkhouse E250 | From Failure To Success: Getting Innovation Right with Alex Osterwalder
How do you manage your metrics around innovation? How much investment do you need to put into innovation as a mature business? How do you give people the time and structure needed to innovate in your business? This week we asked one of the most influential strategy and innovation experts to come back to The Melting Pot to answer these and some other questions about innovation.
Founder and CEO of Strategyzer, Alex Osterwalder reckons that seven out of ten projects that you start within your business need to be killed. And maybe one in ten of your innovation projects is a go, but you're going to need to build a portfolio of maybe 50 live projects that are at any one time to get enough innovation going in your business to make a material change, to get a return on your investment. He also introduced us to the concept of AKIs (Aspirations and Key Insights) – as opposed to Objectives and Key Results – for innovation teams not to produce results, but key insights to understand whether they should kill, iterate or scale a product.
Fantastic conversation with Alex. If you’re in the innovation arena, this is a must-listen for you.
Download and listen to learn more.
On today’s podcast:
- What’s the ideal innovation team
- How and when to kill your innovation ‘zombie projects’
- How to ‘fail faster’ in innovation
- Getting the best ROI
- AKIs (Aspirations and Key Insights) vs OKRs (Objectives and Key Results)
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