Fast Innovation: Achieving Superior Differentiation, Speed to Market, and Increased Profitability: Achieving Superior Differentiation, Speed to Market, and Increased Profitability

by Michael L. George

“How can I create an innovation engine that will consistently deliver substantial organic growth?”

This question is the number-one issue for most CEOs and senior executives today. Innovation is a critical driver of organic growth, yet based on the authors' research, only a small percent of companies effectively use innovation to sustain long-term, profitable growth. And the stakes couldn't be higher-failure to create successful new products, services, and business models causes stagnating or declining profits.

Now, for the first time, experts Michael George, James Works and Kimberly Watson-Hemphill explain the surprising and significant gap between the CEO's growth goals and actual performance. The authors, who are experts at connecting strategy to execution, give you a complete blueprint for exploiting the strategic and operational dimensions of innovation.

Using fresh insights about the true drivers of fast time-to-market and the inadequate success rate of innovation, Fast Innovation

Why current approaches to innovation failA new strategic and tactical plan that will help your company dramatically reduce time-to-market by 50 to 80 percentThe secret for finding out what your customers really want (not just what they say they want)Tools and methods for turning customer insights into ideas that will generate significant ROIThe key levers that senior leadership must engage to create innovation capability across the businessYou'll receive specific actionable solutions for driving disruptive and sustaining innovation at the strategic, portfolio and project level. You'll also learn how to improve how much time your innovation teams actually spend innovating, and discover the changes that must be launched at the corporate level in order to enable the whole business to embrace and get results from this approach.

Genres: Business

335 pages, Hardcover

First published June 24, 2005

About the author

Michael L. George is founder and President of The George Group, the largest Lean Six Sigma consulting practice in the United States. He wrote the successful and influential Lean Six Sigma, also published by McGraw-Hill.

Source: Bookish

Reviews

[Arun Narayanaswamy · Rating 3 out of 5]

Good book even though it’s written some time ago. The examples still hold good. The framework to be innovative and creative is well defined and is something you have sort of directly implement. Worth a read