Description
Book SynopsisLorraine 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.
Trade ReviewWhat 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” *
In this engaging text, executive and business school professor Lorraine Marchand offers expert insights into how to hone the innovation mind-set. Learn how to recognize a good idea, create a business plan and source funding to bring your product or service to market. * getAbstract Journal *
Table of ContentsForeword 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
