Here are Tom Peter’s Innovation 24. 24 ideas on how to be innovative.
- XFX/Cross-functional excellence: physical, lunch, project structure, transparency, “emergent leadership,” “facebook,” etc
- Prototype mania: “action bias,” “serious play,” “most tries wins,” “execution is strategy”
- Portfolio management: Score every project
- Celebrate failures: “most mistakes wins,” “Fail. Forward. Fast.”, mining pissed off customers
- Decentralization: “attitude,” budgetary control/30% to 80%, accountability, “spontaneous discovery process”
- Centralization: once in a blue moon—“culture change”/HP-Fiorina; “Centers of Excellence”-GSK
- Targeted-small acquisitions: need a strong retention process
- Alternate structures: “Skunkworks,” 1% “play money,” “parallel universe,” internal “venture funds,” partnership with lead vendors-customers, “adhocracy” in general
- Weed the portfolio: Wave “bye-bye” to old friends, mastering “organizational forgetting”
- Acknowledge-revel in the mess: logic behind “try it” culture, champion inefficiency
- Fight for simplicity, war on complexity: Drucker: “90% of what we call ‘management, consists …”
- “We are what we eat”/ “hang out factor”: lead customers, vendors, board, consultants, diversity per se, mentor “freaks,” “crowdsourcing”—carefully managed!
- R&D equal all functions: e.g. systems innovation = new product innovation
- 100% innovators: “What do you think?”, “culture” of respect, HR’s lead role
- Practice “nudgery”: bigger cart, +50% purchases
- “Gandhi’s rule”: “You must be the change you wish to see in the world,” “timid begets timid”
- Diverse “team at the top”!
- “Enthusiasm ‘machine’”: “I am a dispenser of enthusiasm,” extreme language-“insanely great”
- Passion for “cool”: “design mindfulness”
- MBWA: Managing By Wandering Around—in touch with the “coal face”
- Women: “the market,” not a “market segment;” micro-lending/Yunus-Cemex
- “Boring” as well as/more than “sexy”: Jim’s Group, Basement Systems Inc
- Big stinks/SMEs rule: Mittelstand, Foster’s stats: 0 for 1,000
- Infrastructure: eg, research universities, venture capital, national initiatives such as Korea and design, primary education
(Source: Tom Peters’ Innovation 24 slide show)
