Free eBook The Wide Lens download

by Ron Adner

Free eBook The Wide Lens download ISBN: 0670921688
Author: Ron Adner
Publisher: Penguin Putnam (March 1, 2012)
Language: English
Pages: 288
Category: Work and perfomance
Subcategory: Finance
Size MP3: 1306 mb
Size FLAC: 1675 mb
Rating: 4.5
Format: mobi lrf azw doc


The Wide Lens is a strategy book that helps companies and entrepreneurs multiply the odds of innovation success

The Wide Lens is a strategy book that helps companies and entrepreneurs multiply the odds of innovation success. It introduces a new framework to reveal the hidden structure of success. Ron Adner is The Nathaniel D’1906 and Martha E. Leverone Memorial Professor of Business Administration and Professor of Strategy and Entrepreneurship at the Tuck School of Business at Dartmouth College. His work introduces a new perspective on the relationship between firms, customers, and the broader ‘innovation ecosystems’ in which they interact to create value.

The Wide Lens by Ron Adner is a must read to gain insight into why that might be the case. In his thought provoking book, Adner explains how most innovation initiatives focus solely on managing the "execution" risk . ensuring that a valid customer need exists, vetting the idea, and ensuring appropriate leadership and implementation. Adner explains that this "narrow lens" view is a root cause of why these innovators are blind sighted by failure.

How can great companies do everything right - identify real customer needs, deliver excellent innovations, beat their competitors to market - and still fail?

How can great companies do everything right - identify real customer needs, deliver excellent innovations, beat their competitors to market - and still fail? The sad truth is that many companies fail because they focus too intensely on their own innovations, and then neglect the innovation ecosystems on which their success depends. In our increasingly interdependent world, winning requires more than just delivering on your own promises. It means ensuring that a host of partners -some visible, some hidden- deliver on their promises, too.

How can great companies do everything right - identify real customer.

The Wide Lens offers a powerful new set of frameworks and tools that will multiply your odds of innovation success. To read this book, upload an EPUB or FB2 file to Bookmate.

The Wide Lens is an important new book on innovation. Adner correctly identifies the important challenge of recognizing market ecosystem and competitive strategies. His framework for innovation is contemporary, teachable, and practical. Growth is today's big challenge. The Wide Lens will help big and small companies grow faster. Jeffrey R. Immelt, Chairman and CEO, General Electric Corporation. Engaging, insightful, and immensely practical

Adner, Ron. Publication date.

Adner, Ron. Books for People with Print Disabilities. Oliver Wendell Holmes Library.

The Wide Lens by Ron Adner will be one of those handful of business books that people will be writing about 30 years from no. As Adner explains, co-innovation and adoption chain risks lurk in the blind spots of traditional strategy.

The Wide Lens by Ron Adner will be one of those handful of business books that people will be writing about 30 years from now. It's that high quality and the enduring value of the value chains and innovation risks discussed in the book I believe are unique, profound and long lasting. Generally if books are in print for 30 years, I find that they have higher value and they have withstood the test of time for their relevance. They remain dormant as long as an innovation follows established lines (such as Michelin's successful introduction of Radial tires in the 1946).

How can great companies do everything right - identify real customer needs, deliver excellent innovations, beat their competitors to market - and still fail? The sad truth is that many companies fail because they focus too intensely on their own innovations, and then neglect the innovation ecosystems on which their success depends. In our increasingly interdependent world, winning requires more than just delivering on your own promises. It means ensuring that a host of partners -some visible, some hidden- deliver on their promises, too. In The Wide Lens, innovation expert Ron Adner draws on over a decade of research and field testing to take you on far ranging journeys from Kenya to California, from transport to telecommunications, to reveal the hidden structure of success in a world of interdependence. A riveting study that offers a new perspective on triumphs like Amazon's e-book strategy and Apple's path to market dominance; monumental failures like Michelin with run-flat tires and Pfizer with inhalable insulin; and still unresolved issues like electric cars and electronic health records, The Wide Lens offers a powerful new set of frameworks and tools that will multiply your odds of innovation success. The Wide Lens will change the way you see, the way you think - and the way you win.
User reviews
Iraraeal
One of my pet peeves about 99% of current business "literature" is so much of it is trend following malarkey. I especially reject those sonambulent tomes such as "Chainsaw" Al Dunlap or Jack Welch's 100 ways to manage earnings using GE Finance. But I digress. The Wide Lens by Ron Adner will be one of those handful of business books that people will be writing about 30 years from now. It's that high quality and the enduring value of the value chains and innovation risks discussed in the book I believe are unique, profound and long lasting. Generally if books are in print for 30 years, I find that they have higher value and they have withstood the test of time for their relevance.

The language of the book is exceptionally well written in a conversational style but contains brillant strategic analysis about the missing pieces in poorly executed innovations which cost some companies hundreds of millions if not billions of dollars of wealth. These decisions are strategy at the highest level of most corporations. Professor Adner's exceptional analysis of the innovation failure strategy is of great value to anyone leading a product development effort for a any mid to large sized company.

It also demonstrates the remarkable network effects of the value chain companies like Google, Apple, Amazon, Nike and many others who leverage one capability on top of another to deliver superlative services and products at high margins. Who else but Steve Jobs could have assembled the iTune distribution service with digital rights management and the creative content needed to drive adoption of the MP3 iPod universe, then leverage those sames skills and capabilities to expand into the Smartphone mobile arena ?

I absolutely hope that Prof Adner writes a follow on sequel on tactical approaches for his strategy guidance. The tactics being worth their weight in gold in implementing a successful strategy and expanding the view of the wide lens playing field.

A "classic" to be : Porter on Strategy, Adner on Innovation, Drucker on Management, Ogilvy on Advertising, Kotler on Marketing Management
Mohn
Like a lot of business books, the main idea of the book could have been stated in a few pages but this books does a great job of recounting stories of success and failures. It leans a bit heavy on Apple and the success it has had but there are lots of good stories about where companies had superior products that just weren't right for the market at the time. I found it a useful book and some great tips to help make my business better.
Yar
This book offers an exceptional framework with which to view innovations in today's markets, through the lens of ecosystems, where your individual execution success is but one piece of a larger puzzle. Besides offering illuminating example cases and excellent analysis of failures and successes, it provides a handful of very applicable tools for thinking about and identifying the challenges you'll face. Great focus on a typically overlooked yet hugely important aspect of business strategy, highly recommend.
Rainshaper
I teach technology commercialization in Monterrey Mexico through UT Austin. I am skeptical about a lot of books relating to this topic but found The Wide Lens to be very useful, specific, good cases and a very useful methodology that fits right in with the scenario models that we have our students develop for the technologies they are working with. Our students are all working professionals and all have real technologies to assess and then they propose commercialization processes for each one. Adner's Wide Lens process is the first I have seen that incisively explains the challenge of implementing computer based patent records and related healthcare technology. He builds on his methodology through the chapters and I particularly like his clear writing since the book is being used by students for whom English is a second language.
Clodebd
Why do many innovations fail? It is a question that baffles the best of us and keeps many a corporate executive awake at night. This anxiety is not unwarranted. Despite having a brilliant idea based on true customer insight and needs implemented with flawless execution, many innovations simply fail to meet the expectations set of them by their creators and by the market for which they were created. The Wide Lens by Ron Adner is a must read to gain insight into why that might be the case. In his thought provoking book, Adner explains how most innovation initiatives focus solely on managing the "execution" risk i.e. ensuring that a valid customer need exists, vetting the idea, and ensuring appropriate leadership and implementation. Adner explains that this "narrow lens" view is a root cause of why these innovators are blind sighted by failure. A "wide lens" view reveals two other major risks that need to be mitigated for success:

1. Co-innovation Risk - This risk represents the extent to which the successful commercialization of an innovation depends on the successful commercialization of other innovations.
2. Adoption Chain Risk - This risk represents the extent to which partners and others will need to adopt the innovation before the end customer can reap the full benefit of the value proposition.

Adner illustrates these risks very clearly in explaining how Michelin's big innovation in tires - the PAX System, which was designed to run for 125 miles after a blowout - failed to take off, despite the backing of major automakers, because the company failed to foresee the need for a robust network of service centers to repair these run-flat tires before going to market. The inability to service PAX tires and the resulting additional expenses incurred by consumers who had to buy new tires led to mass consumer backlash and even lawsuits that ultimately turned automakers off of these truly innovative tires. The PAX system falied because Michelin had failed to mitigate the adoption chain risk.

As Adner explains, co-innovation and adoption chain risks lurk in the blind spots of traditional strategy. They remain dormant as long as an innovation follows established lines (such as Michelin's successful introduction of Radial tires in the 1946). However, as soon as an innovation goes beyond being incremental in nature (such as the PAX tires), ecosystem challenges arise, which can only be addressed with a wide angle lens.

History is replete with examples of innovation failures that occurred despite brilliant execution. Nokia spent millions to be first to market with a 3G handset, but failed to profit because critical partners in its ecosystem did not complete their innovations in time. By the time customized video streaming, location based services, and automated payment systems were finally ready, so was the competition. Phillips suffered a similar fate as it tried to introduce HDTVs in the 1980s. And we are observing a similar dynamic with 3D TVs today. All of these are examples of failures stemming from the lack of "co-innovations" that need to happen for consumers to be able to realize the full benefits of an innovation's value proposition.

The Michelin story above illustrated an innovation's failure due to non adoption by a critical player in the ecosystem. Pfizer's suffered a similar disastrous fate with its miraculous inhalable insulin, Exubera, which was approved by the FDA, hailed by Wall Street analysts, and launched with huge fanfare. The $2.8 billion write-off, widely acknowledged as one of the biggest failures in the history of the pharmaceutical industry, can be traced directly to endocrinologists not embracing the requirement of lung function testing imposed by the FDA.

Contrast the above examples of failure with two innovations that have been successful. Digital Cinema Initiative (DCI) is an example of a consortium of movie studios coming together in a unique way to overcome the cost of adopting digital film within the theater value chain. In essence, they subsidized and shared the cost of capital investment in smaller theater chains to ensure that digital film would enjoy the broad distribution and availability critical to its growth. It was a direct result of this innovation that director James Cameron was able to regale us with his 2009 blockbuster movie "Avatar". Amazon's success in the e-reader market with its Kindle product is also an example where Amazon overcame publisher reluctance by subsidizing their participation in addition to robust digital rights management both of which Sony was unable to accomplish and therefore failed despite having a technically superior e-reader.

Finally, Adner provides insight into a topic that is near and dear to my heart - "The First Mover Advantage." In my recent book, Living in the Innovation Age, I talk about the fallacy of thinking that "only the first to market" reaps the benefits of innovation. Rather, there are many cases of second, third, and subsequent movers being successful where the first mover failed. Adner sheds further light on this matter by presenting a framework that one can use to determine whether they should even try to be the "first mover". Per this framework, it only pays to be the first mover if your innovation has very little dependency on the ecosystem. The more complex your innovation becomes and the more it depends on co-innovations and adoption, the less beneficial it is to be a first mover (i.e. the risk of moving first goes up significantly). In such cases, it is much more prudent to be a smart mover as Amazon was with its Kindle and Apple was with its iPod.

The Bottom Line
I highly recommend The Wide Lens to anyone involved in innovation strategies, commercialization and new business development. Its unique approach to analyzing that factors that contribute to the success and failure of complex innovations and the supporting tools (value blueprints, leadership prism, first mover matrix, supply chain reconfiguration levers, and minimum value footprint) are sure to, as Adner summarizes in his last chapter, "multiply your odds of success."