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Agile Approach for Innovation Management by Mohammad Musleh

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In the world current disruption and volatility, corporates are under intense pressure for new innovation, transformation and implementation, where most of them were adapting the traditional approach of an annual plan for project innovation, this include, ideas, budget, allocated team and KPI’s, which considered as waterfall approach for managing innovation project.

Indeed, many of these innovation projects struggled to be realized if it’s successful or real ones till year end, or till the project fall and collapse by itself unfortunately, where by then, huge amount of investments been lost, time wasted and most important it’s block the opportunity for the real innovation projects to be noticed and have exposure inside the corporate, especially if the yearly (long term) ones have occupied all the budget and intention.

Therefore a new mindset of managing innovation project should be adapted and implemented, new agile approach will need to take over to manage the ideas, finance, team and testing how desirable and viable each innovation project is in the market and how it’s feasible to the company.

Publié dans : Technologie
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Agile Approach for Innovation Management by Mohammad Musleh

  1. 1. LEAN & AGILE ME SUMMIT 20 Presentation Subject: Agile Approach for Innovation Management 11th March 2020 Presented By Mohammad Musleh MBA, PMP, LSSYB, B.Eng. Founder of Thinkinova.Com Rethink Innovation
  2. 2. SUPPORTERS PLATINUM PARTNERS GOLD PARTNER BRONZE PARTNERS
  3. 3. THE AGENDA WHY – The Purpose We believe in rethinking the way we innovate is the new approach of the business innovation revolution HOW – The Approach Think differently to transform your business and service using agile strategy, be disruptive! WHAT – The Techniques Which and what tools and methods we need to implement agile mindset for innovation?
  4. 4. WHY?
  5. 5. V U C A Volatility Uncertainty Complicity Ambiguity Rate of Change, rapidly and unpredictably Unclear about the present, need to invest in info- collect, interpret and share Multiple Key decision factors, variety of interconnection around the globe Lack of clarity about meaning of an event, need hypothesis testing and System Thinking A BRAVE NEW WORLD TRADITIONAL STRATEGY IS NOT FITING
  6. 6. WHY AGILE INNOVATION Technologies keep evolving and innovating fast! Companies in pressure to create Value Fast! SPEED More pressure on price, economy scale, production, no value added, no differentiation in Tech competition (H.C) COMMODITIES TRAP The Businesses are growing fast, high customer demands, new entrants keep disrupting DISRUPTION The Economy is transforming to new trends, Digitalization, Experience, New Values TRANSFOMRATION INNOVATOR’S DILLEMMA
  7. 7. HOW?
  8. 8. What We Need
  9. 9. WATERFALL APPROACH DISCOVER DEVELOP INTEGERATE DESIGN DEPLOY
  10. 10. https://www.ge.com/sites/default/files/ge_webcast_presentation_09152014_0.pdf
  11. 11. STRATEGIC VISION INNOVATION LAB Executives Board Portfolio Managers PgMP / PfMP Innovators and Intrapreneur MANAGE INNOVATION GROWTH ECOSYSTEM
  12. 12. REDUCING INVESTMENT RISK TIME Idea Explore Validate Grow Risk Funding & Evidence Sustain RISK INVESTMENT
  13. 13. WATERFALL VS AGILE INNOVATION PLAN CREATE REVIEW RELEASE PROJECT TIMELINE BUILD PLAN LEARN MEASURE BUILD PLAN LEARN MEASURE BUILD PLAN LEARN MEASURE
  14. 14. THE AGILE INNOVATORS THE CHARACTERISTIC ü Individual interaction and fast decision making ü More customer development and collaborations, customer centricity ü Responding to change efficiently and adapt to complexity ü Survival through flexibility Traditional Agile
  15. 15. WHAT?
  16. 16. WHAT TOOLS AND TECHNIQUES NEW MINDSET TO INNOVATE BUSINESS MODEL GENERATION Building blocks and transformation of your business framework (Alex Osterwalder) CORPORATE STARTUP Change the corporate mindset to think like entrepreneur and adopt the “Lean Startup” approach (E.R) and Tandayi Viki DESIGN THINKING AGILE STRATEGY A framework based on the iterative development process, it’s results-focused approach for continuous improvement Design Thinking is human- centered approach to solve problem, it’s non-linear and iterative process, which seeks to understand the needs of users and market
  17. 17. You will experience 5 steps during the Design Thinking journey, where you always keep ”Ideating” all the times and seeking for new ideas. Empathizing Defining Ideating Prototyping Testing DESIGN THINKING
  18. 18. DESIGN THINKING FOR INNOVATION The benefit of the Design Thinking approach is it will always cover the basic 3- Pillars to success in ANY innovation project, product, service or business I. Desirability II. Feasibility III. Viability
  19. 19. BUSINESSMODEL INNOVATION AGILE MODEL(s) FOR TESTING *Illustrations Courtesy “Corporate Startup” Book
  20. 20. ACCELERATE QUARTERLY DESIGN SPRINT IDEA VISION AGILE AND LEAN STARTUP FAIL AND LEARN FAST BUILD MVP DECIDE LEA RN MEASURE PIVOT OR PERSEVERE POTENTIALLY SHIPPABLE PRODUC OR SERVICE TURN IDEA TO PRODUCT SEE HOW CUSTOMERS RESPOND (Jobs-To Be-Done) ADOPT THE MENTALITY OF EXPERIMENTATION NO FIVE-YEARS INNO VATIO N STRATEG Y AND FIX PLAN!
  21. 21. Henry Mintzberg Emergent Strategy REALIZED FIT-STRATGEY Push back from the market During Customer Development Qualitative Research SYNTHESIS INTUITION DATA Quantitative Research Data Driven Hypothesis Driven KEY Informed Data
  22. 22. INNOVATION ROADMAP HOW THE TOOLS WILL INTEGERATE TOGETHER PROBLEM FIT SOLUTION FIT GROWTH FIT DESIRABILITY VIABILITY FEASIBILITY DESIGN THINKING PROTOTYPE/ MPV / SANDBOX BUSINESS MODEL INNOVATION AGILE DEVELOPMENT LEAN STARTUP TESTING EMPATHIZE BM CANVAS AND KIT RE-ENGINEERING BM DESIGN SPRINT(S) *Adapted
  23. 23. THREE KEY TAKEAWAYS CONCLUSIONS EXPERIMENT TIME TEAM BELIEVE IN THE SMALL TEAM ADAPT EXPERIMENT CULTURE PLAN AND INVEST IN SHORT SIGHT FOR INNOVATION ü Discipled Execution Vs Innovation Bureaucracy Vs Cross-Functional Team ü Fail and learn fast, Psychological Safety ü Innovate in short stage, validate and then gradually enhance
  24. 24. INNOVATION IS EVERYBODY’s JOB

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