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Little Bets: How breakthrough ideas emerge from small discoveries [Paperback]

Peter Sims
4.7 out of 5 stars  See all reviews (7 customer reviews)
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Book Description

5 Jan 2012

How did Pixar go from producing CAT scan images to winning Oscars?

How did Steve Jobs turn Apple into a world-beating company?

How does Amazon's culture encourage innovation?

How can you find the creative solutions demanded by our ever-changing world?

The answer, according to renowned business thought-leader Peter Sims, is LITTLE BETS. In these fast-moving times, it's next to impossible to predict what's around the corner, and harder still to formulate a foolproof plan to deal with it. Truly innovative companies, Sims argues, don't get caught up in projections and predictions. Instead, they embrace uncertainty, take a chance, fail quickly and learn fast.

This method has formulated thousands of modern advances, from Google's PageRank to Starbucks coffee shops - if you harness its power, what could you achieve?


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Little Bets: How breakthrough ideas emerge from small discoveries + The Science of Serendipity: How to Unlock the Promise of Innovation
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Product details

  • Paperback: 224 pages
  • Publisher: Random House Business (5 Jan 2012)
  • Language: English
  • ISBN-10: 1847940498
  • ISBN-13: 978-1847940490
  • Product Dimensions: 12.9 x 1.4 x 19.8 cm
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Bestsellers Rank: 119,552 in Books (See Top 100 in Books)

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Review

Highly engaging ... Little Bets will help you challenge the status quo and discover extraordinary new possibilities in whatever endeavor you're engaged in (Howard Schultz, Chairman And Ceo Of Starbucks )

An enthusiastic, example-rich argument for innovating in a particular way (Wall Street Journal )

Want a big idea? Start little. Whether you're an entrepreneur or an artist, Peter Sims shows you how big breakthroughs start with little bets (Chip Heath, Author Of Made To Stick And Switch )

Little Bets is easily the most delightful and useful innovation book published in the last decade (Robert I. Sutton, Author Of Good Boss, Bad Boss )

Put [t]his book on your reading list (TechCrunch )

Book Description

Achieve momentous innovation by making Little Bets

Inside This Book (Learn More)
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews
4 of 4 people found the following review helpful
By Robert Morris TOP 100 REVIEWER
Format: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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2 of 2 people found the following review helpful
4.0 out of 5 stars Breakthrough Ideas from small discoveries 15 Sep 2011
Format:Hardcover
Little Bets is a small book at 162 pages. The rest of its 213 pages are Further Reading and Resources, Notes, Index and so on. I did not really gain much from it as I was familiar with pretty much all the content. However, it is a good general book for those who'd like to become more familiar with the creative process and innovation. It is written in simple, clear language.
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2 of 2 people found the following review helpful
5.0 out of 5 stars Inspiring read 24 Jun 2011
By JT
Format:Hardcover
Excellent book, simply written and really insightful using a potfolio of real life examples.

A must for anyone wantuing to make change when change is hard, and to inspire people to keep going despite all the challenges and barriers put in front of them.

If you want to achieve something remarkable this is a great book to start with
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