Q&A: Elements of lean innovation
To answer this reader question on lean innovation, we turned to Tucker Marion, who is an associate professor at Northeastern University’s D’Amore-McKim School of Business, where he serves as director of the school’s Innovation Masters Programs. A founder of boutique product-development firm Flashpoint Development Inc., Tucker was previously a cofounder of Innovation Factory Inc., and served as lead engineer at Visteon Corporation.
We’re about to embark on a “lean innovation” journey at our company, and I was wondering if you’d seen any studies or best practices that large corporations should consider?
Great question, and the short answer is, “yes.” Over the last decade, we’ve had the opportunity to conduct research that looked at the fundamentals of lean innovation at hundreds of companies, across a variety of industries. Below are ten key elements that you should consider when developing a lean innovation process within your organization; I’ve stayed brief, but also embedded links to more detailed research that we’ve conducted on each topic:... continued ...