Craft Beer Game: Leading the Innovation Pipeline
Management has high expectations for results given the investment in innovation development programs. But technical talent and management often have conflicting expectations. In addition, development process characteristics are different than typical business processes. Leaders are often unaware of these differences and tend to apply typical management methods that compound problems in the innovation system.
This workshop explains the Innovation Development System and provides tools for managers and innovators to lead the pipeline of development projects with high-performance. You will learn how to apply lean principles to managing the innovation system. Small exercises will introduce key principles. A comprehensive exercise known as the Craft Beer Game will introduce the challenges of leading the innovation system. Through learn-by-doing and working in small teams, you’ll experience managing an innovation system and how to lead a high-performing development program in a multi-project environment.
You will experience and learn:
- Measures for a high-performing development system;
- Development project justification expected by management (Exercise);
- Characteristics of innovation development as a business process;
- Mini-cases that compare and contrast processes for innovation development;
- How to balance the active project portfolio consistent with an innovation strategy
- How to balance a project portfolio (Exercise);
- Challenging dynamics of an innovation system that is a common cause of poor performance;
- Managing a development program of many projects over a period of years to maximize value;
- Illustrating the flow and balance of the innovation system on a process map;
- How lean principles can be applied as countermeasures to system challenges;
- Tools that can be applied to plan, lead, and manage the innovation pipeline.
Level: Beginner and higher