Business Experimentation: A Practical Guide for Driving Innovation and Performance in Your Business
- Length: 272 pages
- Edition: 1
- Language: English
- Publisher: Kogan Page
- Publication Date: 2021-09-28
- ISBN-10: 1398601675
- ISBN-13: 9781398601673
- Sales Rank: #0 (See Top 100 Books)
Business experimentation can not only create measurable value for organizations, it can provide the inspiration to break with the habits of the past by dealing with challenges and exploiting opportunities.
This book is a step-by-step, practical guide to the six-stage business experiment process, from understanding the problem or opportunity to creating a hypothesis, planning the experiment and analysing the findings. It explores the top design criteria for successful and impactful business experiments and includes valuable case studies covering problem solving, performance improvement and strategic innovation. To support the process, Business Experimentation also includes downloadable, editable templates, worksheets and activities for use in ideation and planning sessions.
This business experiment methodology can be used to support a one-off initiative or to underpin desired behaviours as part of a wider organizational change programme, as experimentation encourages people to be bold, take risks and seek new ways of doing things. Based on programmes the authors have run with a variety of leading organizations and with astonishing results, this practical guide provides businesses with the confidence to get started with experimentation and the tools to succeed.
Foreword Acknowledgements Introduction 01 The spirit of experimentation How productive are you on Wednesday? The value of experimentation Two examples of good business experiments The eureka factor Summary Notes 02 What exactly is an experiment? The logic of the experimental method The realities of business experimentation Summary 03 The case for experimentation The example of medicine Experimentation – more than a process Provocation Notes 04 Now is the time Underinvesting in experimentation Overrating conventional work habits We are problem-solving creatures Two contrasting approaches to corporate success Four styles of experiment Summary Notes 05 The experimentalist: Intrapreneurs and entrepreneurs Intrapreneurship – the time is right How ready is your organization? The intrapreneur’s checklist The small business entrepreneur Summary Note 06 The experimentalist: Attitudes and assumptions Dispelling the managerial myths Summary 07 Exploring opportunities and creating choices 1. Transferable lessons 2. A typology of experiments 3. Risk and complexity 4. A single methodology Summary 08 Experiment process Setting the scene 1. Identify 2. Discover 3. Ideate 4. Define 5. Experiment 6. Evaluate Summary Note 09 Accelerating the change: The experimentalist The knowing–doing gap 1. Systems thinking: Choosing to be an experimental manager 2. The personal experiment Summary Notes 10 What characterizes an experimental organization? Dimensions of a corporate culture 10 features of the experimental organization Summary Notes 11 Building an experimental culture A thought experiment A short history of managerialism Three ways forward 1. Managing the change 2. Leading the change 3. Catalysing the change Two examples of choice architecture in business Summary Notes 12 Experimentation: A catalyst for change 1. The continuing challenges – what still concerns us 2. The experiment as a platform for change 3. Creating an experimental culture 4. Getting the best from top–down Summary Note Afterword Appendix A: The science of business experimentation Appendix B: Case study: Learning from others Appendix C: People experiments Appendix D: Where do game-changing ideas come from? Appendix E: Case study: Pay what you want Appendix F: The internal market as a choice architecture Appendix G: Case study: Making the top–down approach work Index
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