Little bets : how breakthrough ideas emerge from small discoveries

by Peter Sims

Paper Book, 2011

Status

Available

Publication

New York : Free Press, 2011.

Description

What do Apple CEO Steve Jobs, comedian Chris Rock, prizewinning architect Frank Gehry, the story developers at Pixar films, and the Army Chief of Strategic Plans all have in common? Bestselling author Peter Sims found that all of them have achieved breakthrough results by methodically taking small, experimental steps in order to discover and develop new ideas. Rather than believing they have to start with a big idea or plan a whole project out in advance, trying to foresee the final outcome, they make a series of little bets about what might be a good direction, learning from lots of little failures and from small but highly significant wins that allow them to happen upon unexpected avenues and arrive at extraordinary outcomes. Based on deep and extensive research, including more than two hundred interviews with leading innovators, Sims discovered that productive, creative thinkers and doers-from Ludwig van Beethoven to Thomas Edison and Amazon's Jeff Bezos-practice a key set of simple but ingenious experimental methods, such as failing quickly to learn fast, tapping into the genius of play, and engaging in highly immersed observation, that free their minds, opening them up to making unexpected connections and perceiving invaluable insights. These methods also unshackle them from the constraints of overly analytical thinking and linear problem solving that our education places so much emphasis on, as well as from the fear of failure, all of which thwart so many of us in trying to be more innovative. Reporting on a fascinating range of research, from the psychology of creative blocks to the influential Silicon Valley-based field of design thinking, Sims offers engaging and wonderfully illuminating accounts of breakthrough innovators at work, including how Hewlett-Packard stumbled onto the breakaway success of the first hand-held calculator; the remarkable storyboarding process at Pixar films that has been the key to their unbroken streak of box office successes; the playful discovery process by which Frank Gehry arrived at his critically acclaimed design for Disney Hall; the "aha" revelation that led Amazon to pursue its wildly successful affiliates program; and the U.S. Army's ingenious approach to counterinsurgency operations that led to the dramatic turnaround in Iraq. Fast paced and as entertaining as it is illuminating, Little Bets offers a whole new way of thinking about how to break away from the narrow strictures of the methods of analyzing and problem solving we were all taught in school and unleash our untapped creative powers… (more)

User reviews

LibraryThing member GloriaMundi
This book promotes the idea that good things result from a strategy of engaging in many small experiments with limited risks. I am a supporter of the approach that Sims advocates, briefly, "experimentation, careful observation, problem finding, and playful improvisation," learning by trial and
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error, not being wedded to preconceptions about how to address problems - or even wedded to preconceptions about what the problems are, partnering with clients, eschewing both excessive bureaucracy and reliance on top-down process. If only the book were better written. Sims is repetitive. He relies too much on secondary sources. Chris Rock is an exemplar used throughout the book, but apparently Sims never spoke to him. His arguments lack depth. Some of his illustrations have been used previously by other authors making related arguments. And, if there were a Bulwer-Lytton award for the worst closing sentence in a book, Sims would be a finalist.
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LibraryThing member Daniel.Estes
In a roundabout way, a book like Little Bets is why I read non-fiction. I certainly didn't love it. The author cherry picks from a group of modern day all-star companies and CEOs for nearly 100% of his examples (I mean, I love Pixar too but aren't there other, less popular examples?) and the prose
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is a little too fake-sounding at times, but there's some good advice here if you take the time to draw it out.
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LibraryThing member wunder
Good information, though the writing didn't really captivate me. It does make me want to read more about Pixar and HP. The Frank Gehry section really could have used some photos.

Feel free to skip stuff, for example, I already knew the growth mindset work from Prof. Carol Dweck. And I didn't find
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the fMRI studies of music improvisation very convincing.

Read it for the "big bet" failures at HP and how they learned from that, plus the Pixar stuff, "We never finish a film, we just release it." This all fits into my understanding of product releases as conversations with the customer. With every release, from alpha to version 13, you need to know what question you are asking and what you want to learn.
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LibraryThing member tgraettinger
Life can be an experiment, and we can make a lot of little bets along the way. It's probably a better strategy than making just a few big bets.
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