Welcome to the May edition of the PlaniswareHub Monthly Brief! This month, the PPM world has been focused on strategy: the good, the bad and the ugly. Let's dive in!
WHAT CAUGHT OUR ATTENTION THIS MONTH
Good management is not good strategy. If you cannot execute, then it is not a good strategy. (6 min read)
Successful strategy and innovation are about how fast you can become aware of your assumptions. But it's a paradox: You can't see your most fundamental assumptions until you overcome them. This means that you can only understand your mindsets that were barriers retrospectively. (4 min read)
For innovation, you need a red team, not a red pill. The military uses red teams and blue teams to fight battles on paper, because the cost of a wrong decision in wartime means the loss of too many lives. Why can't we innovators borrow a great idea from these examples and dramatically improve the rate of success of new ideas? (4 min read)
The best strategies don't just take a long view. They take a broad view. To do so, you need to focus on systems not sectors, on scenarios not forecasts, and playbooks not plans. (7 min read)
Virtual communication curbs creative idea generation. But not idea selection. (20 min read)
Feasibility is important, but we shouldn't let it limit the way we think. To get results, we need to work with reality. However, the inability to detach from the constraints we have to deal with prevents us from looking outside of the box and making more informed compromises. (9 min read)
Transforming R&D at scale in the Biopharma industry. A set of converging trends are putting significant pressure on R&D organizations to boost throughput of innovative medicines. McKinsey delves into the different approaches to transformation and their outcomes. (15 min read)
To develop successful products, you need formal structures to involve your stakeholders too. Scrum is focused on the development of complex products. But to achieve product success, you need to actively engage stakeholders too. Enter the Product Team. (9 min read)
A QUOTE THAT MADE US LAUGH
It's so much easier to suggest solutions when you don't know too much about the problem.