From Bankruptcy to Industry Leading Success – The LEGO Story

From Bankruptcy to Industry Leading Success – The LEGO Story

LEGO's success story is an example of how low risk innovation can lead to success for any company, regardless of budget or size. They turned to their fans for inspiration, hiring adult fans to join the design team and crowdsourcing new toy kits. They also opened up an online portal to generate new product suggestions through user input. Within their factories, they embraced rapid prototyping, throwing products into the market and getting feedback from consumers. These strategies helped LEGO climb out of a $300 million loss in 2004, restructure, and become the most powerful brand in the world in 2015. These low risk innovation strategies can benefit any company, whether a cash-strapped startup or a Forbes 500 firm, and are detailed in the book Innovation Tools.

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Flow Efficiency – Where is the Waste in Your Software Delivery Process?

Flow Efficiency is a vital metric to track in Innovation Management. It measures the percentage of time Flow Items are actively being worked on compared to the total time spent in the value stream helping to identify bottlenecks and waste in the process.

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Seven Lessons From Squid Game For Your Innovation Program

Seven Lessons From Squid Game For Your Innovation Program

Learn how to gamify your innovation program with seven lessons from Squid Game, focusing on game design and attracting the right audience.

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The Keys to Leading Innovation, with Greg Brandeau

The Keys to Leading Innovation, with Greg Brandeau

Greg Brandeau, former COO of Maker Media, discusses the keys to leading innovation in this episode of The Innovation Engine podcast.

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