Currently, businesses are forced to be more innovative than ever before. Organizations must be sensitive to global trends -- such as digitization, globalization, and automation -- and at the same time build resilience and flexibility to combat unexpected changes in customer demand. The coronavirus pandemic is just the most recent and pronounced example of this new-normal business necessity. Amidst the disruption, many businesses are caught not knowing how to proceed. How ought one pursue or achieve innovation for the company? Are there different innovation strategies? Why might a business leader choose one over the other?
The Lean Innovation Cycle addresses these concerns by introducing a new multidisciplinary framework for both thinking about and pursing innovation. By taking key concepts from the quality management practices of Lean and Six Sigma, the framework augments these tools and disciplines by incorporating other problem-solving and design techniques, including Human-Centered Design. The result is a view of innovation that many business leaders will find fits nicely into their existing paradigm of strategy and operational discipline.
After the introduction of the framework, the book turns to understanding the differences, advantages, and tradeoffs in pursuing Lean Innovation in lieu of traditional, technologically driven innovation approaches. To this end, the book considers issues of sustainability, organizational strategy, and competitive advantage. The result is a thought-provoking dialogue that informs the reader about the key considerations of how best to pursue innovation within their business and the business environment, as well as the circumstances that might make one innovation strategy more congruent to an organization’s culture, goals, and objectives than the other.
Michael Parent is a management consultant and Managing Director of Right Brain Consulting. Throughout his career, Michael has coached executives through strategic problem solving, operational excellence, and execution and has led continuous improvement projects in a myriad of industries and disciplines such as Manufacturing, Insurance, Product Development, and Human Resources.
Michael has written several articles that have been published in industry journals and websites. Likewise, Michael has participated as a guest and expert on podcasts such as “The Gemba Academy Podcast” and “The Lean Blog Podcast with Mark Graban”.
Michael holds a Bachelor’s Degree in Industrial and Operations Engineering from the University of Michigan in Ann Arbor and an MBA from the College of William and Mary Raymond A. Mason School of Business in Williamsburg VA. Michael is in pursuit of a Master Black Belt from Lawrence Technical University in Southfield, Michigan, and is expected to be certified in February 2021.
