SMALL BETS TO WIN BIG AT INNOVATION
The Power of Experimentation Rather than Failure
Innovation Keynote by Stephen Shapiro
Most organizations still innovate as if the future can be forecast.
It can’t.
By the time a large initiative is approved, staffed, and launched, the conditions that justified it have moved.
The fix isn’t a better prediction. It’s a smaller bet, and a lot of them.
But which bets do you place? Which do you kill? And when do you double down?
During this interactive session, you will discover:
- How to place better (more frequent yet smaller) bets
- How to determine which bets are not worth further investment (experimentation)
- How to avoid failure – and what to do when you do fail
- How to create a culture of experimentation – quickly and inexpensively
To demonstrate how we can lower our risk with our bets, we have fun with a simple gambling simulation . The key is getting as many insights about the future, for the lowest possible investment.
This practical session will not only give everyone the tools and mindset for creating small experiments, but also will leave them with specific actions they can take within the next seven days to make progress with their innovation efforts.
The concepts are so simple to implement that companies can create an entire culture around experimentation with little effort, time, or cost.
The “small bets” approach demonstrated during this session are truly a game changer for any organization of any size.
NOTE: This speech is often combined with either the “Solve Your Toughest Problems” or “Stability in an Uncertain World” speech.
More of Stephen's Keynote Topics
Solve Your Toughest Problems
Most teams are solving the wrong problem. Better questions reveal the answer.
Personality
Poker®
Turn your team's differences into performance.
Stability in an Uncertain World
Focus on the few things that matter, and growth becomes predictable.
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