Innovation Strategy Lessons from Moneyball
The movie Moneyball highlights how Oakland A’s general manager Billy Beane reimagined how to assemble a winning baseball team by employing a sabermetrics approach. Facing a salary constraint, Beane implemented several innovative strategies, such as changing traditional rules, seeking out unlikely experts, and considering a wide pool of possibilities. By asking on-target questions and taking responsibility for his actions, Beane ultimately achieved success, repeatedly standing up to competitors and persevering. However, with the competition catching up and money coming back into play, the film ends with the lesson that when competitors catch up, the rules will change again.
