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2 of 2 people found the following review helpful
5.0 out of 5 stars How to generate "ingenious ideas...through a rigorous experimental discovery process", April 20 2011
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Robert Morris (Dallas, Texas) - See all my reviews
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This review is from: Little Bets: How Breakthrough Ideas Emerge from Small Discoveries (Hardcover)
Having read and reviewed True North, a book Peter Sims co-authored with Bill George, I was curious to know what he has to say about "how breakthrough ideas emerge from small discoveries." I was pleased but hardly surprised that Sims has a great deal of value to share, much of it (as he duly acknowledges) gained from conversations with or rigorous study of various thought leaders and they include a few surprises. Chris Rock, for example. His routines are the result of an exhausting process of continuous (mostly failed) experiments, constant modification, and subtle refinement. Other experimental innovators and thought leaders include Amazon's Jeff Bezos, Larry Page and Sergey Brin (co-founders of Google), Saras Sarasvathy, Pixar's Ed Catmull and John Lasseter, Chet Pipkin, Frank Gehry, Bing Gordon, U.S. Army Brigadier General H.R. McMaster, Mihaly Csikszentmihalyi, Steve Jobs, Jeffrey Dyer and Hal Gregersen, Richard Wiseman, and Eric von Hippel.

As Sims explains, his book's proposition is based on an experimental approach that involves a lot of little bets and certain creative methods to identify possibilities and build up to great outcomes eventually, after frequent failures. (Actually, experimental innovation has no failures; rather, there are initiatives that have not as yet succeeded, each of which is a precious learning opportunity.) "At the core of this experimental approach, little bets are concrete actions taken to discover, test, and develop ideas that are achievable and affordable. They begin as creative possibilities that get iterated and refined over time, and they are particularly valuable when trying to navigate amid uncertainty, create something new, or attend to open-ended problems."

Constant experimentation ("learn by doing") is fundamental to this approach, as indicated, as are a playful, improvisational, and humorous environment; immersion in unfamiliar situations, localities, circumstances, etc.; definition of specific questions to answer, specific problems to solve, specific objectives to achieve, etc.; flexibility amidst ambiguity and uncertainty in combination with a willingness to accept reorientation; and, as indicated, constant iteration (reiteration?) to test, evaluate, refine, test again, etc. Those who are curious wish to understand what works. Experimental innovators have an insatiable curiosity to know what works (or doesn't), why it works (or doesn't), and how it can be improved.

It is important to understand that, as Sims explains, "we can't plot a series of small wins in advance, we must use experiments in order for them to emerge." That is, conduct lots (I mean LOTS) of small experiments (betting small amounts of hours and dollars) and then, as small (modest) "wins" occur, increase the "bet" and see what happens...or doesn't. This process is iterative and never ends. The fundamental advantages are obvious. It allows people to discover new whatevers through an emergent, organic process of frugal but sufficient investments, and, it allows for all manner of adjustments (course corrections, additions/deletions, increases/reductions, etc.) at any point throughout the process.

If your organization is in need of breakthrough ideas, why don't you provide them? Peter Sims provides in this book just about everything you need to know to understand the process and what must be done to initiate and then sustain it. However, the discoveries cannot be made until the experiments occur. If not you, who? If not now, when?
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1 of 1 people found the following review helpful
5.0 out of 5 stars Fresh new look on incremental innovation, Oct. 22 2012
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This review is from: Little Bets: How Breakthrough Ideas Emerge from Small Discoveries (Hardcover)
I really truly recommend this book for anyone in any position of leadership or entrepreneurship. At first glance the concepts seem focused at product creators and small business owners however I think there are takeaways for anyone in any field. The idea of betting small, failing fast and learning little bits from lots of people are amazing concepts that apply to life so much of life.

I found all of the studies cited incredibly informative. Especially the one on how people perceive luck and the micro-loan nobel prize winner. Little bets is not a step by step methodology on any specific task or working field. It is a philosophy to be used as an approach to many tasks in life and especially product creation. It can be compared closely to the different between Waterfall development and Agile development. It then extends further into making all innovation, management, marketing more agile.

Will definitely be purchasing copies for colleagues and friends.
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