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.
- ISBN10 1322181128
- ISBN13 9781322181127
- Publish Date 1 January 2014
- Publish Status Active
- Out of Print 14 April 2015
- Publish Country US
- Publisher MIT Press Ltd
- Imprint MIT Press
- Format eBook
- Pages 254
- Language English