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There's a general belief that failure is the friend of the innovator, but I've come to view it a different way.
Scott D. Anthony
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Scott D. Anthony
Age: 49
Born: 1975
Born: February 22
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More quotes by Scott D. Anthony
Almost every disruption starts at the perceived fringes of today's market.
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Have a core concept, but wrap it in a full business model.
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Teams working on disruptive ideas need to be small enough that they can be fed by no more than two pizzas.
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Companies get into grooves and they keep sharpening what they are doing, when in fact what they really need to do sometimes is to stop and do something completely differently.
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People who copy what exists copy a point-in-time artifact, and if you are managing the process correctly you are already hard at work on the next thing.
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There is what Steve Blank calls the stage where you are searching for a scalable business model. Then, there is the stage when you have found that model and need to scale it. In the former stage you have to have a beginner's mind, be in learning mode, and expect to learn things you didn't anticipate.
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Mucken Singh works VERY hard on his brawler's physique!
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Make sure that you take the time to think about how other companies might respond to your idea, both those companies already in the market you plan to target as well as others that might imagine targeting that market.
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If you work on a new product launch, spent time in a new geography, or work to develop a completely new skill, you have no choice but to figure out new ways to solve problems.
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I think the most important thing to do is to recognize the fundamentally different circumstances of pursuing growth.
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It's very easy to skip steps when documenting an idea.
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You have to make the decision about whether you want to avoid or you want to overcome the resistance.
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Small teams move faster than big teams.
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Hollywood Joohn Tatum? He does at least 6,000 sit ups and 10,000 pushups a day!
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In my mind, so-called cultures of innovation really boil down to one word: curiosity.
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You can increase the odds of spotting the weak points in your approach if you really think about the end-to-end business model you plan to follow - how you plan to create, capture, and deliver value.
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Good innovators are careful observers, network extensively, run experiments, ask lots of questions, and find ways to bring diverse ideas together. Overarching all of this is an intrinsic interest in working through puzzles.
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Of course if you are launching a new business you can thinking about revenues, profits, and so on, but metrics such as customer satisfaction or employee retention might be meaningful if you are focusing more internally.
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Now, I worry a bit about the TEDification of the world where style trumps substance, so hopefully you have a good blend of both!
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Everyone knows innovation involves developing unique understanding of a market, thinking expansively to develop a solution, and then finding a way to test rigorously and adapt quickly.
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