Leaders cannot pick the winning ideas on day one. Instead, the best way to find good ideas is to make small investments in a lot of ideas. During this Ask Me Anything session, Alex and Tendayi discussed how companies can manage an innovation funnel with multiple small bets, track progress using the innovation project scorecard, make decisions to kill some ideas and increase investments in those ideas that are showing traction. They also discussed the role of innovation stages and how leaders can ask the right questions at the right time.
Tendayi Viki is an author and corporate innovation expert. As Associate Partner at Strategyzer, he helps companies innovate for the future while managing their core business. He has written three books; Pirates In The Navy, The Corporate Startup and The Lean Product Lifecycle. He previously served as Director of Product Lifecycle at Pearson, where he co-developed an innovation framework that won the Best Innovation Program 2015 at the Corporate Entrepreneur Awards in New York. Tendayi has been shortlisted for the Thinkers50 Innovation Award and was named on the Thinkers50 2018 Radar List for emerging management thinkers to watch. He is also a regular contributor at Forbes.
Alex Osterwalder is a leading author, entrepreneur, and in-demand speaker whose work has changed the way established companies do business and how new ventures get started. Ranked No. 4 of the top 50 management thinkers worldwide, Osterwalder also holds the Thinkers50 Strategy Award. He invented the Business Model Canvas, Value Proposition Canvas, and Business Portfolio Map together with Yves Pigneur – practical tools that are trusted by millions of business practitioners from leading global companies. His books include the international bestseller Business Model Generation, Value Proposition Design, Testing Business Ideas, The Invincible Company, and the newest one, High-Impact Tools for Teams.
This content is available for Innov8rs Community members only.
