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The Innovation Mindset Lorraine Marchand

The Innovation Mindset By Lorraine Marchand

The Innovation Mindset by Lorraine Marchand

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Summary

Lorraine Marchand lays out a step-by-step framework for spurring success. She shares her eight laws of innovation, a formula for driving significant and lasting transformation in any organization.

The Innovation Mindset Summary

The Innovation Mindset: Eight Essential Steps to Transform Any Industry by Lorraine Marchand

Innovation requires more than a eureka moment. The vast majority of new product ideas never make it to market. Typically, this is because of the failure to address a real problem that a customer has experienced and is willing to pay to have solved. What do people and businesses need to know about the realities of innovating in order to develop products successfully?

Lorraine Marchand-a seasoned practitioner who has guided Fortune 500 companies and start-ups on developing and launching new ideas-lays out a step-by-step framework for spurring success. She shares her eight laws of innovation, a formula for driving significant and lasting transformation in any organization. Marchand emphasizes the frame of mind needed to spark the innovation process, underscoring the importance of creating a problem-solving culture and supporting personal curiosity, passion, and talent. She pinpoints the strengths shared by the big ideas that break through and debunks the myths that hold back aspiring creators. Drawing on her experience as a woman in a male-dominated field, Marchand discusses how to support entrepreneurship by women and highlights the contributions of underrepresented innovators.

Marchand's how-to program for innovation is clear and easy to follow, featuring a toolkit of strategic templates and planning frameworks that are illustrated by helpful case studies. Written in authoritative but conversational language, The Innovation Mindset offers a practical plan for both the veteran with another great idea and the first-timer with a big dream.

The Innovation Mindset Reviews

What Lorraine Marchand has written in this book is nothing short of, well, innovative. Its detailed roadmap, packed with engaging anecdotes and practical planning processes from companies of every size and scale, will provide any individual or team the tools needed to create the perfect environment for innovation. Discussing notables and novices alike, Marchand's examples and commentaries are relevant and fascinating. -- Spencer Rascoff, cofounder and former CEO, Zillow; cofounder and executive chairman, dot.LA; and angel investor in more than 75 companies
The myth surrounding innovation is that it's a spark of genius that hits people out of the blue. Nothing could be further from the truth. Innovation is a skill that can be taught, which is exactly what Lorraine Marchand does in the pages of The Innovation Mindset. -- Angela Lee, professor of practice and chief innovation officer, Columbia Business School, and founder, 37 Angels
Through personal and relatable stories, Marchand makes the often-opaque innovation process transparent and accessible. In an important chapter on women innovators-and why there aren't more, especially given the data highlighting the economic benefits of women-led companies-she outlines a much-needed set of powerful and concrete suggestions. -- Cornelia S. Huellstrunk, executive director, Keller Center for Innovation in Engineering Education, Princeton University
In this important book, Marchand provides practical tools for using a problem-solving approach to adapt to change. Her experience and credentials as a serial innovator and corporate executive come through in the stories and case studies. -- Tom Maniatis, chief executive officer, New York Genome Center, and professor and chair, Department of Biochemistry and Molecular Biophysics, Columbia University
Marchand's experience as an innovation leader is apparent in this book. She understands the need to set the culture and at the same time outlines a practical step-by-step approach to implementing new ideas and taking products and services to market. A must-read for anyone who considers herself an innovator or wants to learn how to get started. -- Lynn O'Connor Vos, CEO, Modular Medical; former CEO, Muscular Dystrophy Association; and former CEO, Grey Healthcare, a WPP Group agency
'Innovate or die' is my mantra as an expert in marketing strategies for new technologies. Marchand is one of the most skillful innovators and communicators I've had the pleasure of working with. Her approach works, and I've experienced it firsthand. Her book should be required reading for students and corporate executives alike who are striving to stay relevant in a dynamic business environment. -- Joanne Moretti, founder and CEO, JCurve Digital; former chief marketing officer, Jabil; and former executive at Hewlett-Packard, Dell Technologies
The ability to generate new ideas, products, and services is the key determinant for success in almost every twenty-first-century industry, which is why The Innovation Mindset by Lorraine H. Marchand is so timely and so important. Hers is unquestionably one of the most effective methods for fostering a culture of change in your organization. If you're not already an innovator, you will be inspired to become one after reading this book! -- Jabril Bensedrine, CEO, SESA Systems; the Triana Group; and professor of entrepreneurship and innovation, Tandon School of Engineering, New York University
The Innovation Mindset is a practical guide with case studies examining how we approach issues and how we can benefit from understanding best practices in implementing an innovative mindset in our everyday world-something you can apply in all aspects of your life. -- Amit Rakhit, MD, chief executive officer, Sporos Bioventures; former president and chief medical officer, Ovid Therapeutics; and former medical officer, Biogen, Bristol-Myers Squibb
In her inspiring and enjoyable book filled with case studies, personal stories, and insightful anecdotes, Marchand demystifies the term 'innovation' and provides practical steps to stimulate creativity and new product development within organizations. The Innovation Mindset provides a framework and tools to foster creativity for seasoned executives and first-time entrepreneurs alike. -- Tracy Harmon Blumenfeld, cofounder and CEO, RapidTrials
Fun and engaging. I loved Marchand's memories of innovating as a kid with her father, helping some clueless entrepreneurs through an ill-fated pitch, plus a trip to jail to evaluate business plans made by inmates. * Luis Cascante on Medium, Beef Up Your Innovation Library *

About Lorraine Marchand

Lorraine Marchand is general manager of life sciences at IBM Watson Health and has three decades of experience in new product development. She has held leadership positions at Bristol Myers Squibb, Covance, Cognizant, and IQVIA, and she cofounded four companies. Marchand is an adjunct professor of management and serves on the Healthcare and Pharmaceutical Management Program Advisory Board at Columbia Business School.

John Hanc writes for the New York Times, Smithsonian, Newsday, and Brain & Life. The author or cowriter of more than twenty books, he also teaches writing at New York Institute of Technology.

Table of Contents

Foreword by Spencer Rascoff
Foreword by Laura Maness
Introduction. How Sweet It Is: The Spark of a Great Idea
1. The First Law of Innovation: A Successful Innovation Must Solve a Problem
2. It's the Law! One Great Innovation Starts with at Least Three Good Ideas: Here's How to Find Them
3. We're Rooting for Your MVP!
4. The Law of One Hundred Customers (They Can't Be Wrong!)
5. Law-Abiding Innovators Must Be Ready to Pivot at Any Point in the Process!
6. Developing Your Business Model and Plan
7. How Serial Entrepreneurs Increase Their Odds of Success
8. Coaxing Capital: No Innovation Without Communication
9. Execution and Exit: Managing Your Innovation and, If Necessary, Moving On
10. Unique Challenges Women Innovators Face and Why
Appendix 1. Types of Customer Research
Appendix 2. Business Model Canvas
Appendix 3. Example of Actual Business Plan: Ocular Proteomics, LLC
Appendix 4. Sample Application for Angel Investor Funding
Appendix 5. Example of Actual Pitch Deck: Ocular Proteomics
Appendix 6. Guidelines for Completing the Investor Pitch
Appendix 7. Resource Guide for Women Innovators
Acknowledgments
Notes
Index

Additional information

GOR014009132
9780231203081
023120308X
The Innovation Mindset: Eight Essential Steps to Transform Any Industry by Lorraine Marchand
Lorraine Marchand
Used - Very Good
Hardback
Columbia University Press
2022-09-13
320
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - The Innovation Mindset