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In this episode of the Product Thinking Podcast, Melissa Perri is joined by Ben Hafele, CEO of Lean Startup Company, to explore the complexities of corporate innovation. Ben shares insights on how large companies can effectively integrate lean startup methodologies into their existing frameworks. They discuss the importance of aligning innovation efforts with business strategies and how to avoid falling into the trap of unnecessary complexity. This episode is a must-listen for anyone interested in fostering meaningful innovation within large organizations while maintaining strategic alignment.Are you looking to navigate the challenges of corporate innovation and strategic alignment? Tune in to this episode for valuable insights from Ben Hafele's experience with lean startup methodologies.You'll hear us talk about: 10:45 - Establishing Connective Tissue for Innovation:Ben introduces the concept of creating a "connective tissue" that links build-measure-learn cycles with overall business strategy. He explains how fostering this connection ensures that every experiment conducted is aligned with the company's broader objectives. 22:17 - Balancing Experimentation with Strategic Goals:The discussion delves into the challenge of balancing experimentation with strategic goals. Ben shares approaches for ensuring that innovation initiatives do not deviate from the company's strategic priorities, maintaining relevance and purpose. 45:30 - Overcoming Complexity in Corporate Innovation:Ben and Melissa discuss ways to overcome the inherent complexity in corporate innovation. They highlight practical strategies for simplifying processes and ensuring that innovation efforts remain effective and focused on delivering value.Episode Resources: Ben Hafele on LinkedIn: https://www.linkedin.com/in/ben-hafele/ Lean Startup Co: https://leanstartup.co/ Sign up for a free Liveblocks account: https://liveblocks.io/Timestamps:00:00 Coming Up00:47 Dear Melissa11:25 What Defines a Startup?19:08 The Importance of Strategic Filters24:38 The Innovation vs. Legacy Divide31:35 B2B vs. B2C Experimentation Challenges39:50 The Right Way to Build Capability in Organizations46:42 Evolving Corporate Innovation
‘They’ say that most people will have at least two careers over the course of their lifetime. Holly Hester-Reilly is no exception. She retired from her first career as a competitive figure skater at 17 years of age. Holly pursued her dream to conduct drug development research by studying chemical engineering. Earning her master’s degree and on the path to a Ph.D., she was published in scientific journals, began teaching chemistry labs at a local college, and coached figure skating to make ends meet. Aiming to earn a Ph.D. she failed her qualifying exams, not once, but twice. She knew her discipline well but suffered from panic attacks that interfered with her focus. She aimed for environmental engineering roles from there landing a job with the City of New York which lasted two years. It was not a culture fit for her. In her spare time, nights, and weekends, she worked for a tech startup and landed a full-time role with a company as their fourth employee, leveraging her background in chemical engineering. Today, Holly is the founder and CEO of H2R Product Science, a product management coaching and consulting firm that teaches the science of high growth and product development. In this week’s Work From The Inside Out podcast, learn more about Holly’s career story: Holly is a former Columbia University Research Scientist and has led over a dozen digital product initiatives at startups, high growth companies, and enterprises like MediaMath, Shutterstock, the Lean Startup Company, Unilever, Capital One, and WeightWatchers. She is also the host of the Product Science podcast. Holly teaches public and private workshops and has spoken about building high growth products at the Lean Startup Summit Europe, Product Tank NYC, Parsons School of Design, and the Products School. Learn more and connect with Holly Hester Reilly here: https://www.facebook.com/h2rproductscience https://www.linkedin.com/in/hollyhesterreilly/ @h2rproductsci www.h2rproductscience.com Listen, subscribe and read show notes at www.tammygoolerloeb.com/podcasts/ - episode 092
Global poverty is at the root of so many things. So many things. From hunger, to the orphan crisis, to human trafficking, to drug trafficking, to homelessness, to disease and HIV/AIDS - global poverty is at the root. Reducing or even eliminating global poverty is the key to reducing and eliminating so much hurt and pain in the world. But this issue is so complicated, as most issues are. But it is one that is incredibly important. My guest today left a life of comfort and security, working in the area of technology startups, to pursue a deeper calling. My guest this week is Ann Mei Chang, the Executive Director of Lean Impact at the Lean Startup Company and author of the book Lean Startup that will be released soon! Previously, she was the Chief Innovation Officer USAID and Mercy Corps, and served the U.S. Department of State as Senior Advisor for Women in Technology in the office of Global Women’s Issues. Prior to her pivot to the public sector, Ann Mei had more than 20 years experience as a technology executive at leading companies such as, you know, Google and Apple. Heard of them? This was such an incredible and interesting conversation and I learned so much from it! SILICON VALLEY & A QUEST FOR DEEPER MEANING From early on, Ann Mei was fascinated by computers. When they first came out when she was 12-years-old, she taught herself how to program and went she went to college in California, she studied computer science. Her career for the first 23 years after college was in Silicon Valley in the tech industry working for both big and small companies, and having a lot of fun with it. At the same time, she always felt a yearning to do something more meaningful. Ann Mei donated and volunteered, but her work was very consuming at there were limits to how much she was able to do on the side. She was inspired by the idea of spending the first half of her career in Silicon Valley and the second half of her career in the public or social sector - trying to find some way to do some good in the world. It was in her early 40’s during her time at Google that she decided to make that shift. Ann Mei decided to take a leave of absence from Google and she ended up going to the State Department through a fellowship program. She calls it her “custom Masters in Public Policy.” Rather than going back to school and spending her time in the classroom, she learned by doing. AT THE ROOT OF IT ALL: GLOBAL POVERTY Ann Mei realized during her time at the State Department that Global Poverty was at the root of the majority of the issues she cared about. She firmly believes that talent is evenly distributed and opportunity is not - that many of the ills in the world arise because people do not have better options. The good news is that we have made dramatic progress in global poverty - the number of people in extreme poverty has been cut almost in half. The bad news is that where poverty remains, it is becoming even more entrenched. LOVING EVERY SECOND Michelle went back to school to focus on communications and public relations. As an extroverted and analytical individual, she excelled and fell in love with the industry. Upon graduating, she worked at a major PR firm and spent time in the nonprofit world. She began searching for what kind of business she could create where she could do what she loved, while escaping the 9-5 work life. It was during a midnight breastfeeding session that, while on Instagram, she first stumbled upon the world of business coaching. She was incredibly inspired by this concept, and pulled on all of her past experiences in deciding what the business would look like. Today, Brandmerry is a business that is all about branding and business mentoring. Michelle works with female entrepreneurs at every stage of the business, from coming up with the idea and launching, to running and scaling it successfully--and she loves every second of it. About Ann Mei Chang, Executive Director at Lean Impact: Ann Mei Chang is a leading advocate for social innovation and author of LEAN IMPACT: How to Innovate for Radically Greater Social Good (Wiley, Oct. 30, 2018). As Chief Innovation Officer at USAID, Ann Mei served as the first Executive Director of the US Global Development Lab, engaging the best practices for innovation from Silicon Valley to accelerate the impact and scale of solutions to the world’s most intractable challenges. She was previously the Chief Innovation Officer at Mercy Corps and served the US Department of State as Senior Advisor for Women and Technology in the Secretary's Office of Global Women’s Issues. Prior to her pivot to the public and social sector, Ann Mei was a seasoned technology executive, with more than 20 years’ experience at such leading companies as Google, Apple, and Intuit, as well as at a range of startups. As Senior Engineering Director at Google, she led worldwide engineering for mobile applications and services, delivering 20x growth to $1 billion in annual revenues in just three years. Ann Mei currently serves on the boards of BRAC USA and IREX, is a nonresident fellow at the Brookings Institution, and is a visiting fellow at the Center for Global Development. She earned a Bachelor of Science degree in Computer Science from Stanford University, is a member of the Aspen Institute’s Henry Crown Fellows’ class of 2011, and was recognized as one of the “Women In the World: 125 Women of Impact” by Newsweek/The Daily Beast in 2013. Ann Mei is a keynote speaker who has been featured at TEDx MidAtlantic, SxSW, Social Good Summit, SOCAP, and Lean Startup Week, as well as numerous nonprofits, foundations, and government agencies. CONNECT WITH ANN MEI Lean Impact: https://leanstartup.co/social-good/ Lean Impact Book: https://www.annmei.com/ https://amzn.to/2qjUjAw Facebook: Lean Startup Co. Contact: Lean Startup Co. Linkedin: Lean Startup Co. Twitter: @leanstartup Special thanks to Cultivate What Matters for sponsoring this week’s Business with Purpose podcast. Visit http://www.stillbeingmolly.com/cultivate to shop! Join my Purchase with Purpose Facebook group and let’s continue the conversation! https://www.facebook.com/groups/purchasewithpurpose/ Subscribe to the Business with Purpose podcast (and I’d love it if you left a review** on iTunes!) 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Phil Dillard is an independent consultant and trainer with the Lean Startup Company. Phil helps early stage and growth companies develop and implement strategies and processes that build a foundation for profitable growth. Growth Hacking course for free at https://www.growthhackingpodcast.com/freecourse For more information and resources, visit https://www.growthhackingpodcast.com
Hear an uncut interview with Garrett Dunham of Singularity University as he's interviewed by Heather McGough of Lean Startup Company. Dunham shares stories from his diverse professional background, talks experimentation, failure, and about what enterprise organizations and startups really need to know about how to work together. Garrett Dunham can be reached on Twitter @GarrettDunham Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
What happens when one of the most renowned startup accelerators in the world infuses Lean Startup methodology? Zach Nies, Managing Director at Techstars Boulder program http://www.techstars.com/programs/boulder-program/, joins Heather McGough of Lean Startup Company to discuss how they're helping entrepreneurs, use Lean Startup thinking to overcome challenges. Zach shares what techniques large organizations can learn from an accelerator and more. Zach Nies can be reached on Twitter @zachnies Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
Listen to the co-founder of Udemy and advisor for Lyft discuss his newest startup called Sprig. Gagan Biyani joins Heather McGough of Lean Startup Company to discuss finding his target market, challenges faced while scaling quickly, continuous product improvement, and more. Social: Gagan Biyani can be reached on Twitter @gaganbiyani Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
If you thought libraries were going out of style, think again. Turns out, they're harbingers of innovation. Brian Mathews, Associate Dean at Virginia Tech Libraries, joins Heather McGough of Lean Startup Company to discuss the challenges that universities and libraries face as they move into the digital age. Brian shares how he incorporated Lean Startup into VA Tech culture, to develop new products to create a cutting edge experience for his customers -- the students. Topics include: build measure learn, minimum viable product (MVP), pivoting and education Brian Mathews can be reached on Twitter @brianmathews Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
Looking for a Lean Startup practitioner working in a highly-regulated industry? Look no further. Director of innovation at AZ Central Credit Union, Jeff Vietri, is interviewed by Heather McGough of Lean Startup Company. He shares relatable tips, processes, tools and actionable-advice for anyone working in a highly-regulated industry. Topics include executive buy-in, legal, mvp, build measure learn, scaling, and more. Jeff Vietri can be reached on Twitter @jeffvietri Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
Senior Sports Technologist with the US Olympic Committee, Mounir Zok, is interviewed by Heather McGough of Lean Startup Company. Topics include: how to approach developing technology for a human, build measure learn, minimum viable product, how technology is changing sports, and more. Mounir Zok can be reached on Twitter @mounirzok Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
CEO of M34 private investment company, and founding and former lead program director for the National Science Foundation (NSF) I-Corps program, Errol Arkilic, is interviewed by Heather McGough of Lean Startup Company. He shares how scientists are using technology to get out of the lab and into the marketplace using Lean Startup methods. Errol Arkilic can be reached on Twitter @[heather waiting] Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
Leader of GE Culture and co-founder of GE FastWorks, Janice Semper, is interviewed by Heather McGough (@UrbanitySF) of Lean Startup Company. In this podcast, Janice shares how to drive organizational change, the challenges in making a Lean Startup transformation, creating a culture of experimentation in a highly-regulated industry, using Lean Startup in non-tech, what they've learned from startups, and more. General Electric can be reached on Twitter @generalelectric Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
Google's Senior UX Researcher, Tomer Sharon (@tsharon) is interviewed by Heather McGough (@UrbanitySF) of Lean Startup Company. In this podcast, Tomer discusses incorporating Lean Startup methodology into his work, how to create a good user experience, identifying user needs, finding your user research group, what to do with the data, and more. Tomer Sharon can be reached on Twitter @tsharon Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup
Founder of Share More Stories, James Warren (@warrenjwric), is interviewed by Heather McGough (@UrbanitySF) of Lean Startup Company. In this podcast, James discusses having the courage to leave his corporate job to embark on a startup. He shares lessons around creating a prototype, testing and validating ideas, and discusses his early adopters. James Warren can be reached on Twitter @warrenjwric Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup James will also be speaking at the Lean Startup Conference in San Francisco, November 16-19th. www.leanstartup.co
Founder of Product Hunt, Ryan Hoover (@rrhoover), is interviewed by Heather McGough (@UrbanitySF) of Lean Startup Company. In this podcast Hoover discusses the Product Hunt journey, lessons involving their users, how to scale an invite-only community, helping startups, and expanding into new verticals. Ryan Hoover can be reached on Twitter @rrhoover Heather McGough can be reached on Twitter @UrbanitySF Follow Lean Startup Co. @leanstartup