Building Long-Term Innovative Teams

Wikispeed

• New car prototype

• 3 months

• 7 days releases

Innovation?

• Come up with a new way of solving a problem

• Applies to product, process, business

Innovation Myths

• Happens over night

• Comes from one innovative person

• ...who does his thing in a corner

Innovation Reality

• It’s iterative and incremental

• Comes from a team

• Includes copying ideas

• Applies to Products, Processes, Business Models

Innovation Ingredients

• Culture

• Innovation Framework

• Ideas

• Experiments

• Projects

Culture

• Transparency

• Collaboration

• Diversity

• Safe environment

• Courage

• Focus

• Execution excellence

Innovation Framework

Ideas

Experiments

Projects

Culture

Ideas

• Ideas are free

• Collect them

• Make them visible

Refine ideas

Business Case

!

• Expected Benefits

• Estimated cost of implementation

• Risks involved

Culture for Ideas

DON’T:

• Laugh at others ideas

• Attribute ideas incorrectly

DO:

• Communicate vision, constraints, needs

Experiments - Why

• Validate hypothesis

• Learn fast

• Discover relevant information

Experiments - How?

• Hypothesis

• Measurable Criteria (when possible)

• A Relevant Duration

Experiments: Culture

• If it succeeded, what did you learn?

• If it failed, what did you learn?

!

Failure is good, as long as you learn from it

Projects: Why?

• Innovation just for its own sake is useless

• Increase revenue

• Decrease costs

Projects: How?

• Incremental & iterative approach

• With PM or self-organized

Projects: Culture

• Execution excellence

• Stop starting, start finishing

• Fail fast, learn fast, (get things done &) grow fast

Innovation Framework

Ideas

Experiments

Projects

Culture

Start innovating!

maria.diaconu@mozaicworks.com

Twitter: fireladyMCEO & Founder Mozaic Works

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Photos Attribution