E127 Guiding Lean Portfolio Management (LPM) with Generative Leadership – Introduction

Dr. Dave A. Cornelius, aka Dr. Dave, discusses the intersection of generative leadership and Lean portfolio management. They emphasize the importance of adopting an abundance mindset, trust, and a willingness to learn from failure. Dr. Dave highlights the challenges and opportunities of implementing Lean Portfolio Management (LPM).  Dr. Dave adds context on how these practices can be applied in a workplace with multiple generations. The speaker also stresses the need for executive buy-in, change management, and a human-centric approach to implementing Lean Portfolio Management (LPM) successfully.

 

Action Items

• [ ] Promote upcoming learning opportunities on generative leadership to the organization.
• [ ] Interview experts who can share experiences implementing different LPM adoption steps.
• [ ] Read Dr. Dave's book "Generative Leadership The Thrive" for more insights.
• [ ] Join the next podcast episode on discussing the abundance mindset tenant of GAP.

 

Generative leadership practices for Lean portfolio management.

• Dr. Dave discusses generative leadership and lean portfolio management practices.
• Dr. Dave emphasizes the importance of leaders having an abundance mindset and fostering a culture of trust, empowerment, and learning from failure.
• Gap leaders prioritize partnering, experimentation, and continuous learning to drive success in the future of work.

 

Lean portfolio management practices for strategic investments.

• Dr. Dave discusses Lean portfolio management practices for maximizing investments.
• Dr. Dave discusses prioritizing budgets, investments, and compliance in digital solutions.
• Benefits of LPM include improving strategic initiatives, accelerating decision-making, and reducing friction.

 

Implementing lean portfolio management with a focus on human-centric leadership practices.

• Dr. Dave highlights the challenges leaders face in adopting lpm, including losing control and resistance from value stream teams.
• The generative leadership approach emphasizes head, heart, hands, and habits to guide organizations through lpm adoption.
• Dr. Dave highlights the importance of human-centric elements in LPM adoption, including an abundance mindset, openness to people, and co-creation.
• GAP tenets (head, heart, hands, and habits) guide adopting LPM practices, focusing on willingness, trust, and experimentation.

Implementing Lean portfolio management to grow business.

• Dr. Dave outlines a strategy to expand market share among environmentally conscious Gen Y Gen Z consumers by 5% within two years.
• AI is a hot topic, and the company may adopt AI to fuel entrepreneurial capabilities by 2025.
• Dr. Dave discusses aligning leadership and stakeholders and organizing around value streams to deliver value.
• Strategize and budget for portfolio, execute through portfolio events and validate learning.

 

Adopting Lean Portfolio Management (LPM) in organizations.

• Dr. Dave explains the Lean Portfolio Management (LPM) adoption roadmap to executives and leadership teams.
• He proposes a vertical slice approach to deliver value incrementally and validate learning.
• Dr. Dave outlines steps for successful LPM implementation, including defining portfolios and creating an artifact.
• He emphasizes the importance of change management and stakeholder buy-in for LPM’s success.
• Dr. Dave uses an empathy map canvas to understand the needs of the leadership team and organization.
• He captures information through dialogue and observations to gain insights into the outside world.

Implementing Lean Portfolio Management in an organization, focusing on value streams, OKRs, and trust.

• Dr. Dave outlines the LPM adoption process for organizing value streams.
• Strategize: Break big ideas into strategic themes, OKRs, and portfolio vision.

 

Executing strategic plans, measuring progress, and validating ideas through customer feedback.

• Dr. Dave discusses facilitating LPM events, measuring portfolio performance, and establishing the Value Management Office and Lean-Agile Center of Excellence.
• Dr. Dave emphasizes customer validation and traction as crucial aspects of the Lean Startup methodology.
• He highlights the importance of understanding customer pains and gains and designing solutions that fit their needs.

Leadership, governance, and technology management in an organization.

• Dr. Dave discusses the desirability, feasibility, and viability of projects, ensuring they align with the organization's goals and values.
• He emphasizes the importance of governance, partnerships, and compliance in the next step, LPM.
• Dr. Dave emphasizes the importance of heart, hands, and habits for positive organizational change.
• He discusses using Generative Adaptive Practice (GAP) and being a generative leader to guide LPMs.

Implementing Lean portfolio management with generative leadership.

• Dr. Dave discusses leadership adoption steps and upcoming episodes with experts.
• Leaders should take small but significant steps towards Lean portfolio management implementation, building trust and collaboration within teams for collective growth.
• Dr. Dave invites listeners to join his podcast and masterclass, promoting an abundance mindset and generative leadership.