Innovation - Diamonds in the rough
???? Shane Williams
Strategic Technology Advisor | Helping SME Manufacturing Leaders Drive Performance & Growth | Enabling Solopreneurs to Leverage AI for Efficient, Scalable Operations
If you genuinely want to realise the value of your platform then you need to innovate. What does that really mean? Well, it means testing a range of hypotheses and seeing what sticks.
The trap for young players is that we get attached to our ideas. We're so sure they're viable, that we're onto the right solution or that everything would be grand if they would just use it.
Don't get attached to your ideas.
Only a few ideas are good ideas
What do Penicillin and Scotchguard have in common? They were both discovered by accident as byproducts of attempting to achieve something else. Sir Alexander Fleming discovered penicillin when he threw out an experiment then noticed that mould in the contaminated Petri dish was dissolving the bacteria around it.
When you start innovating on your platform, you're moving into uncertain territory, and as this isn't an exact science, you should expect some ideas not to succeed.
If it's not working, then rather than burn more time and money trying to fit a square peg in a round hole, you are better to call it, take the learnings and apply them to your next big idea. Investing your energy into the next idea, while taking the lessons from the last, is a better use of everyone's time.
I met Ash Maurya , author of Scaling Lean , at a book signing a few years back. His inscription in the book makes this point perfectly: 'To Shane, love the problem, not your solution! Ash'.
Choosing your favourite child
There are hundreds of great books on the topic of innovation* so I've decided to focus here on a technique I picked up for prioritising your ideas rather than executing on them.
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*If you want a recommendation for a practical innovation book, check out Innovator's Playbook by Nathan Baird .
This looks like putting a case for each of your ideas on paper, then pitching them to your executive sponsor and see which one resonates best. You might ask why you'd go to all this effort when these are just ideas? I believe it forces you to consider whether an idea is really that good. When you pitch it, you want your exec sponsor to buy into you spending time on an idea, prepared that it might not work.
Let’s break it down into two steps:
Step One: Getting your idea down
Have you heard of Amazon's customer-centred 'working backwards' process? Essentially it proposes that you start with the end in mind and work backward. Their process involves writing a press release as if you'd just launched the innovation. If you've never worked in media or marketing and thus never penned a press release, never fear. Ian McAllister, a Director at Amazon, shared the process on Quora.
In the post, McAllister shared an example outline . Since then, several templates have appeared online. Most of them are good and follow the same standard format, but because they focus on a product and not a platform, I think they fall slightly short on suitability for platform teams.
They seem to miss measurable outcomes, the metrics that we'll use to prove if the innovation meets the targeted need. (Otherwise, how will you know to let it go?) And they don't recognise that platform teams often need to collaborate with other teams and departments to deliver value.
Here's my interpretation of Amazon's Press Release approach to customer-centric innovations.
Other thoughts:
Write this so your Grandma could understand. It shouldn't be a specification for the design; remember, a press release is a marketing tool.
Keep it brief. If you want to take your stakeholder through a few of these, keep them to a maximum page and a half length.
Step Two: Deciding which horse to back
Once you have thought deeply about your best ideas and how you might pull them together, it's time to pitch the ideas. At first, do this with your team to ensure there are no obvious gaps and practice driving home the benefits. Then move to your executive sponsor or key stakeholders. Which idea gets them most excited?
The benefit of this approach is that it opens up your innovation agenda to ensure executive support and sets you up as a thought leader, thus changing your status from service provider to an advisor.
This is just one of the popular product management tools that I’ve adapted to platform teams in my book The Platform Owner’s Guidebook: How industry experts unlock the value of enterprise software .
Strategic Technology Advisor | Helping SME Manufacturing Leaders Drive Performance & Growth | Enabling Solopreneurs to Leverage AI for Efficient, Scalable Operations
3 年www.shanewilliams.com.au/book