Chasing the Rabbit wins prize and great review for how-to of systematizing innovation
Posted by steven_spear | Under Auto Industry, Business Strategy, Innovation, high velocity organizations, process excellence, toyota Tuesday Mar 31, 2009Dear Friends and Colleagues,
I’m delighted that my book, Chasing the Rabbit: How Market Leaders Outdistance the Competition and What Great Companies Can Do to Catch Up and Win, has received welcome accolades in the last few days. The book was awarded a Shingo Prize for Research Excellence, media attention (see links below), and it received a flattering appraisal in Harvard Business Review’s April issue.
The reviewer, Anand J. Raman, writes:
Spear…has dazzled readers with his insights into what makes Toyota tick and his understanding of how any organization can use those ideas to improve its effectiveness. Not surprisingly, his first tome was highly anticipated, and it’s probably an understatement to say that it won’t disappoint.
He concludes…
I have a dozen books on Toyota stacked on my shelf, in order from the least read to the most referred to—and Chasing the Rabbit is probably going to stay right on top of the pile.
Chasing the Rabbit is based on my research which was initially meant to answer the question: Why was Toyota doing so well despite:
(a) being in a hyper competitive market,
(b) starting well behind its rivals, and
(c) having been studied and imitated intensely?
The answer was that for all the attention that outsiders had paid to particular production control tools, the company’s real genius was its management system that fostered and sustained high velocity, high endurance improvement, innovation, and invention across a broad range of work. I later found other organizations that had arrived at similar approaches, and with the generous help of myriad practitioners showed that this ‘high velocity’ approach has great impact across a broad range of situations.
Based on this research, Chasing the Rabbit explains how competitive advantage can be generated in even the most arduous markets and illustrates its points with diverse examples from heavy and high tech manufacturing, new product development and production, commercial and military situations, and health care.
I’m much indebted to those who helped advance this work over many years and it is my hope that their efforts and mine prove to be useful to you and your colleagues as you attempt to generate far more value with far less effort than most in your fields even imagine possible.
With best wishes,
Steve Spear
Senior Lecturer, Massachusetts Institute of Technology
Senior Fellow, Institute for Healthcare Improvement
Author of Chasing the Rabbit: How Market Leaders
Outdistance the Competition and How Great Companies
Can Catch Up and Win (McGraw-Hill: October 2008)
• Review by Anand Raman in Harvard Business Review (April 2009)
• ”U.S. to back warranties of troubled carmakers,” Boston Herald, Jay Fitzgerald, Mar 31, ‘09
• Bloomberg TV Interview about GM Leadership and Sparking Innovation (March 29, ‘09)
• “Lessons from High Velocity Organizations,” BusinessWeek.com video interview (Feb 2 ‘09)
Related posts:
- “Chasing the Rabbit” wins National Best Book 2009 Award for Management and Leadership…
- MIT News 3 Questions with Steve Spear: Toyota Troubles–Pace of business growth and product and process complexity overwhelm learning and people development capacity
- Well meaning promotion compromises GM product innovation…
- Spear on Toyota Culture: Bloomberg TV, Feb 24, 2010
- Toyota Trims Sails in Tough Economic Seas: No one thrown overboard