The Big Payoff of Little Bets

It has been said that operational excellence secures a company’s present, while innovation excellence secures its future. But with mounting pressures to meet financial expectations, companies and organizations of all stripes find themselves increasingly focused on delivering, not discovering. Might there be a way to lower the time, costs, and risks related to innovation?

Some of the world’s most successful business people have achieved remarkable results using a surprisingly similar approach: methodically taking small, experimental steps. Rather than believing they have to start with a big idea or plan a whole project out in advance, trying to foresee the final outcome, they make a methodical series of little bets about what might be a good direction, learning critical information from lots of little failures and from small but significant wins that allow them to find unexpected avenues and arrive at extraordinary outcomes.

This course will discuss how leaders can develop a culture that embraces “failing fast” so the best ideas and solutions emerge with minimal investment.

What Participants Will Learn

• Gain confidence to take little, affordable risks to learn what works and what doesn’t
• Utilize design tools to help you when you’re in a situation of uncertainty