Lean innovation is being embraced by everyone — from the smallest start-ups to the largest global organisations. But in most cases, it’s still falling well short of its full potential because it either lacks or fails to tightly integrate with the mechanisms needed to systematically capture lessons learned and share them outside the team. And that’s where the money is in innovation.
Lean innovation embraces a philosophy of not letting progress get in the way of perfection. It leverages the Pareto principle that 20% of a product’s features (what’s distilled down into the minimal viable product) will most likely deliver 80% of the benefits sought by customers.