The Illusion of Innovation: Escape “Efficiency” and Unleash Radical Progress

The Illusion of Innovation: Escape “Efficiency” and Unleash Radical Progress
by: Elliott Parker (Author)
Publisher: Ideapress Publishing
Publication Date: 28 May 2024
Language: English
Print Length: 200 pages
ISBN-10: 1646871545
ISBN-13: 9781646871544
Book Description
There’s a problem with innovation inside of big companies. And it’s not what you think. Corporations are better managed than ever, but they’re less capable of delivering the breakthroughs that change our world for the better. Big companies are too often focused on efficiency instead of resiliency. They’re optimized for safety and predictability, for maintenance of the status quo. Their focus on capital efficiency leads them to engage in an illusion of innovation: activity that feels like innovation but leads to value destruction, not progress. This book explains why meaningful innovation naturally emerges from deliberate inefficiency and how large corporations can harness the power of small teams—startups—to drive radical change through systematic experimentation. The Illusion of Innovation explores:What the Federal Witness Protection Program reveals about the power of individualsHow the Amazon river basin relies on random evolution to build resiliencyHow the NBA’s shift to the three-point rule demonstrates the importance of thoughtful experimentsHow one-thousand-year-old businesses survive crisesWe need scaled corporations to recover their problem-solving capacity. This means questioning decades of embedded assumptions about why corporations exist and finding ways to run faster, cheaper, and weirder experiments. It’s time to build again.