The logical and enduring way to innovate.
Conventional wisdom today says that to survive, companies must move
beyond incremental, sustaining innovation and invest in some form of
radical innovation. Disrupt yourself or be disrupted! is the relentless
message company leaders hear. The Power of Little Ideas argues there's
a third way that is neither sustaining nor disruptive. This low-risk,
high-reward strategy is an approach to innovation that all company
leaders should understand so that they recognize it when their
competitors practice it, and apply it when it will give them a
competitive advantage.
This distinctive approach has three key elements:
- It consists of creating a family of complementary innovations around a
product or service, all of which work together to make that product
more appealing and competitive.
- The complementary innovations work together as a system to carry out a
single strategy or purpose.
- Crucially, unlike disruptive or radical innovation, innovating around
a key product does not change the central product in any fundamental
way.
In this powerful, practical book, Wharton professor David Robertson
illustrates how many well-known companies, including CarMax, GoPro,
LEGO, Gatorade, Disney, USAA, Novo Nordisk, and many others, used this
approach to stave off competitive threats and achieve great success. He
outlines the organizational practices that unintentionally torpedo this
approach to innovation in many companies and shows how organizations can
overcome those challenges.
Aimed at leaders seeking strategies for sustained innovation, and at the
quickly growing numbers of managers involved with creating new products,
The Power of Little Ideas provides a logical, organic, and enduring
third way to innovate.
