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Brick by Brick: How Lego Rewrote the Rules of Innovation and Conquered the Global Toy Industry

by

Brick by Brick: How Lego Rewrote the Rules of Innovation and Conquered the Global Toy Industry Cover

 

Synopses & Reviews

Publisher Comments:

Brick by Brick takes you inside the LEGO you've never seen. By following the teams that are inventing some of the world's best-loved toys, it spotlights the company's disciplined approach to harnessing creativity and recounts one of the most remarkable business transformations in recent memory.

Brick by Brick reveals how LEGO failed to keep pace with the revolutionary changes in kids' lives and began sliding into irrelevance. When the company's leaders implemented some of the business world's most widely espoused prescriptions for boosting innovation, they ironically pushed the iconic toymaker to the brink of bankruptcy. The company's near-collapse shows that what works in theory can fail spectacularly in the brutally competitive global economy.

It took a new LEGO management team – faced with the growing rage for electronic toys, few barriers to entry, and ultra-demanding consumers (ten-year old boys) – to reinvent the innovation rule book and transform LEGO into one of the world's most profitable, fastest-growing companies. 

Along the way, Brick by Brick reveals how LEGO:

- Became truly customer-driven by co-creating with kids as well as its passionate adult fans

- Looked beyond products and learned to leverage a full-spectrum approach to innovation

- Opened its innovation process by using both the "wisdom of crowds" and the expertise of elite cliques

- Discovered uncontested, "blue ocean" markets, even as it thrived in brutally competitive red oceans

- Gave its world-class design teams enough space to create and direction to deliver

built a culture where profitable innovation flourishes

Sometimes radical yet always applicable, Brick by Brick abounds with real-world lessons for unleashing breakthrough innovation in your organization, just like LEGO. Whether you're a senior executive looking to make your company grow, an entrepreneur building a startup from scratch, or a fan who wants to instill some of that LEGO magic in your career, you'll learn how to build your own innovation advantage, brick by brick.

Review:

"LEGO's iconic building system is a favorite of children and parents worldwide. Wharton professor Robertson's entertaining, informative, and fast-paced account of LEGO's rise, fall, and subsequent victory in the marketplace will have readers rooting for the survival of the little brick. Writing with former Fast Company senior editor Breen (The Responsibility Revolution), Robertson recounts how in 1932, founder Ole Kirk Christiansen, a Danish master carpenter and toymaker, spent more than a decade perfecting the plastic brick; how his son Godtfred 'bet on the brick' in the mid-1950s and developed play systems that propelled the company's expansion through the next several decades; and how grandson Kjeld drove global growth from the 1970s to the early 2000s. The majority of the book examines the company's precarious health over the last decade. A turnaround operator's attempted innovation backfires and leaves the company's balance sheet bleeding beyond repair. In the end, a new CFO and CEO take draconian measures to repair the company, focusing on 'profitable innovation' — rather than innovation for innovation's sake — and listening to the customer. This book will be a valuable read for any business leader or student, but will also delight those familiar with the beloved toy. 37 b&w photos, 8-page insert. Agent: Carol Franco, Kneerim, Williams & Bloom. (June)" Publishers Weekly (Starred Review) Copyright PWxyz, LLC. All rights reserved.

Synopsis:

US

About the Author

DAVID C. ROBERTSON joined the faculty of the Wharton School at the University of Pennsylvania in January of 2011, and was the LEGO Professor of Innovation and Technology Management at IMD in Lausanne, Switzerland from 2002 through 2010.  As the LEGO Professor, Robertson was given unique access to the company’s management team, has written two case studies about the company, and is the co-author of a Harvard Business Review piece on LEGO.   At IMD, Robertson was the co-director of the school’s largest executive education program, the Program for Executive Development, and directed programs for Credit Suisse, EMC, HSBC, Skanska, BT, and other leading European companies. For more on Robertson’s background, and to contact him for speaking and consulting engagements, visit www.robertsoninnovation.com.

 

BILL BREEN is a founding member of the team that launched Fast Company, which gained an avid following among businesspeople and won numerous awards, including the National Magazine Award for General Excellence. As senior editor, he edited Fast Company's special issues on design and leadership and wrote many articles on competition, innovation, and personal success. He is the coauthor of The Responsibility Revolution and The Future of Management, which the editors of Amazon.com selected as the best business book of the year. Breen speaks to business audiences on leadership, innovation and sustainability; he has appeared on CNN, Fox, CBS, National Public Radio, and other media outlets. Connect with Bill at bbreen@billbreen.net.

Product Details

ISBN:
9780307951601
Author:
Robertson, David
Publisher:
Crown Business
Author:
Breen, Bill
Subject:
Corporate History
Subject:
BUSINESS STRATEGY
Subject:
Business
Publication Date:
20130631
Binding:
HARDCOVER
Language:
English
Illustrations:
37 BandW PHOTOS 1 8-PAGE INSERT
Pages:
320
Dimensions:
9.5 x 6.4 x 1.1 in 1.2 lb

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Related Subjects

Business » Business Profiles
Business » History and Biographies
Business » Human Resource Management
Business » Management
Business » Strategy
Featured Titles » History and Social Science

Brick by Brick: How Lego Rewrote the Rules of Innovation and Conquered the Global Toy Industry Used Hardcover
0 stars - 0 reviews
$17.95 In Stock
Product details 320 pages Crown Business - English 9780307951601 Reviews:
"Publishers Weekly Review" by , "LEGO's iconic building system is a favorite of children and parents worldwide. Wharton professor Robertson's entertaining, informative, and fast-paced account of LEGO's rise, fall, and subsequent victory in the marketplace will have readers rooting for the survival of the little brick. Writing with former Fast Company senior editor Breen (The Responsibility Revolution), Robertson recounts how in 1932, founder Ole Kirk Christiansen, a Danish master carpenter and toymaker, spent more than a decade perfecting the plastic brick; how his son Godtfred 'bet on the brick' in the mid-1950s and developed play systems that propelled the company's expansion through the next several decades; and how grandson Kjeld drove global growth from the 1970s to the early 2000s. The majority of the book examines the company's precarious health over the last decade. A turnaround operator's attempted innovation backfires and leaves the company's balance sheet bleeding beyond repair. In the end, a new CFO and CEO take draconian measures to repair the company, focusing on 'profitable innovation' — rather than innovation for innovation's sake — and listening to the customer. This book will be a valuable read for any business leader or student, but will also delight those familiar with the beloved toy. 37 b&w photos, 8-page insert. Agent: Carol Franco, Kneerim, Williams & Bloom. (June)" Publishers Weekly (Starred Review) Copyright PWxyz, LLC. All rights reserved.
"Synopsis" by , US
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