Achieving faster, better, cheaper, and more creative innovation outcomes with the 5X5 framework: 5 people, 5 days, 5 experiments, $5,000, and 5 weeks.
What is the best way for a company to innovate? Advice recommending "innovation vacations" and the luxury of failure may be wonderful for organizations with time to spend and money to waste. The Innovator's Hypothesis addresses the innovation priorities of companies that live in the real world of limits. Michael Schrage advocates a cultural and strategic shift: small teams, collaboratively-and competitively-crafting business experiments that make top management sit up and take notice. He introduces the 5x5 framework: giving diverse teams of five people up to five days to come up with portfolios of five business experiments costing no more than $5,000 each and taking no longer than five weeks to run. Successful 5x5s, Schrage shows, make people more effective innovators, and more effective innovators mean more effective innovations.
| ISBN: | 9780262528962 |
| Publication date: | 12th February 2016 |
| Author: | Michael Schrage |
| Publisher: | The MIT Press |
| Format: | Paperback |
| Pagination: | 256 pages |
| Series: | The MIT Press |
| Genres: |
Knowledge management Corporate governance: role and responsibilities of boards and directors |
Achieving faster, better, cheaper, and more creative innovation outcomes with the 5X5 framework: 5 people, 5 days, 5 experiments, $5,000, and 5 weeks.
What is the best way for a company to innovate? Advice recommending "innovation vacations" and the luxury of failure may be wonderful for organizations with time to spend and money to waste. The Innovator's Hypothesis addresses the innovation priorities of companies that live in the real world of limits. Michael Schrage advocates a cultural and strategic shift: small teams, collaboratively-and competitively-crafting business experiments that make top management sit up and take notice. He introduces the 5x5 framework: giving diverse teams of five people up to five days to come up with portfolios of five business experiments costing no more than $5,000 each and taking no longer than five weeks to run. Successful 5x5s, Schrage shows, make people more effective innovators, and more effective innovators mean more effective innovations.
The Innovator's Hypothesis features in the following genres: Knowledge management, Corporate governance: role and responsibilities of boards and directors
The Innovator's Hypothesis is available in Paperback
The Innovator's Hypothesis was written by Michael Schrage and published by The MIT Press
The Innovator's Hypothesis has 256 pages
Yes it is part of The MIT Press series