Idea To Value - Creativity And Innovation

In today's episode of the Idea to Value Podcast, we speak with Tendayi Viki on what exactly "Lean Innovation" is. https://www.ideatovalue.com/podc/nickskillicorn/2017/05/podcast-014-tendayi-viki-lean-innovation/  Tendayi is a popular innovation and strategy consultant and is one of the authors behind the recently released book "The Corporate Startup", which helps large companies understand all of the underlying mechanisms behind lean innovation to bring down the costs and risks of running innovation projects. Things we discuss in today's episode: What lean innovation is, "Doing the right things at the right time" (02:30) The dangers of premature scaling (03:45) The main hurdles to implementing Lean Innovation, and how startups handle it more effectively than large companies (05:00) How to build organisational capabilities needed for Lean Innovation (07:00) In his view, innovation is the combination of creative ideas with sustainably profitable business models (07:45) How the Lean Product Lifecycle can help