(Emeritus Professor at Nottingham Business School), often sought in PDF format by students and professionals
A seed-stage startup used the exploration vs. exploitation map to avoid "wasted motion." They killed a flashy AI feature (high risk, low reward) and instead fixed their core onboarding flow (low risk, high reward), doubling retention within three months. david smith exploring innovationpdf
Replace your quarterly business review (QBR) metrics with Smith’s three metrics for any project labeled “exploratory.” Protect these projects from standard ROI scrutiny for at least six months. You manage the input (ideas), the throughput (prototyping),
David Smith – Exploring Innovation Format: Analytical Write-up You manage the input (ideas)
Small, continuous improvements to existing products (e.g., a new version of a washing machine). Radical Innovation:
Smith’s great contribution is proving that innovation is not a mystical spark. It is a supply chain. You manage the input (ideas), the throughput (prototyping), and the output (launch) with the same rigor you apply to your factory floor or code repository.