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The Right It: Why So Many Ideas Fail and How to Make Sure Yours Succeed

2020-07-18 265 0 0 8 1

As Google’s first engineering director, Alberto Savoia led the team that launched Google’s revolutionary AdWords project. After founding two startups, he returned to Google in 2008 and he assumed the role of “Innovation Agitator,” developing trainings and workshops to catalyze smart, impactful creation within the company. Drawing on his book "The Right It," he begins with the premise that at least 80 percent of innovations fail, even if competently executed. He discusses how to reframe the central challenge of innovation as a question not of skill or technology, but of market demand: Will anyone actually care? Savoia shares strategies for winning the fight against failure, by using a rapid-prototyping technique he calls “pretotyping.”

Why So Many Ideas Fail and How to Make Sure Yours Succeed

In my new book, I offer a strategic approach to help you beat market failure. This approach is based on case studies, insights from my time at Google, as well as my experience as an entrepreneur and consultant. Some of the valuable lessons in my book include strategies for collecting your own market research, how to formulate a market engagement hypothesis, and why “pretotyping” tools are key to gauging if there is a viable market for your product or idea.

Millions of people around the world are working hard to bring to life new ideas. Some of these ideas will turn out to be stunning successes that will have a major impact on our world and our culture: The next Google, the next Polio vaccine, the next Harry Potter, the next Red Cross, the next Ford Mustang. Others will be smaller, more personal but no less meaningful, successes: A little restaurant that becomes a neighborhood favorite, a biography that does not make the best-seller list but tells an important story, a local nonprofit to care for abandoned pets. At this very same moment, another group of people is working equally hard to develop new ideas that, when launched, will fail. Some of them will fail spectacularly and publicly: like New Coke, the movie “John Carter”, or the Ford Edsel. Others will be smaller, more private, but no less painful failures: A home-based business that never takes off, a children’s book that neither publishers nor children have any interest in, a charity for a cause that too few people care enough about.

If you are currently working to develop a new idea, whether on your own or as part of a team, which group are you in? Most people believe that they either are, or will be, in the first group—the group whose ideas will be successful. All they have to do is work hard and execute well. Unfortunately, we know that this cannot be the case. The law of market failure tells us that up to 90 percent of most new products, services, businesses, and initiatives will fail soon after they are launched—regardless of how promising they sound, how much we commit to them, or how well we execute them. This is a hard fact to accept. We believe that other people fail because they don’t know what they are doing. Somehow, we believe that this does not apply to us and to our idea—especially if we’ve experienced victories in the past.

Filled with detailed case studies, a lesson on creating your own hard data, a strategy for market engagement, and an introduction to the concept of a pretotype (not a prototype), The Right It is a groundbreaking, entertaining, and highly practical book delivers a proven formula for turning ideas, products, services, and businesses into successful endeavors.

As Alberto writes, “make sure you are building The Right It before you build It right”.

​PRAISE FOR THE RIGHT IT

“This book is a solid manual for anyone who wants to develop and launch a product. The setup makes it easy for readers to use the book as a reference, and they will benefit from relevant examples. It has a broad appeal for both small and large-scale product development for both individuals and corporations.“ –Booklist

“A must read for any entrepreneur or innovator who wants to radically increase their odds of success.” –Patrick Copeland, vice president of Amazon Retail Division

AskMillions2020-07-18

Alberto Savoia is a successful serial entrepreneur, angel-investor and an expert and practitioner in pretotyping and lean innovation. He is based in Silicon Valley. He teaches his uniquely effective approach to innovation at Google, Stanford at has also taught and coached many Fortune 500 companies and startup.

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