Over the last 10+ years we have seen a number of large enterprises experiencing (near) Kodak moment and struggling to drive growth as they navigate through long term disruption to their business. In this presentation Sonja shares learnings from award winning innovation program at Pearson and outlines how principles and practices of Lean Product Lifecycle and active portfolio management can help companies navigate disruption, increase innovation and transform their portfolios.
4. Pearson’s challenge
• Unbalanced portfolio, lot’s of duplication
• Transition from print to digital
• Big bets
• Very little innovation or disruption = no growth
• Slow speed to market
• Complex decision making
• Customers involved too late
Annual
Plans
Big
Budgets
Complex
Systems
5. Five pillars of transformation
• Portfolio approach
• Lean Product Lifecycle
• Investment governance
• Best practice and behaviors
• Organizational culture change
6. Pearson continuous transformation journey..
PLC work initiated
PLC v1.0
launched
Incremental funding
agreed with Finance
PLC Coach
Program
launched
First early
adopters
PLC global
adoption
Portfolio tool
Active portfolio
management
PLC Roadshow
workshops
and training
First view of the
global portfolio
and Exec
endorsement
Product
taxonomy
v1.0
14. Core PLC Artifacts
Product Teams use the
templates to collate and
present evidence at
each stage.
Investment decision-makers
use and extend the
scorecards to grade the
evidence and make go/no-
go/pivot decisions.
Self starters use PLC playbook
as “how-to” guides providing
sufficient information to get
them up and running.
17. Key lessons
• Ensure leadership support
• Connect to business outcomes and show impact (everyone loves good KPIs)
• Don’t underestimate power of denial
• Get finance on board
• Power of data
• Build a small core team to drive transformation, use community and TTC to
scale
• Think big, start small
• Learn the language
• Don’t underestimate the scale of the effort
• Eat your own dog food
• Build strong communities to drive change and stay sane
• It’s a movement
• Invest in people
• Reward and incentivize right behaviors