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I think it is only in hindsight that you can determine whether something is a mistake or not.
Scott D. Anthony
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Scott D. Anthony
Age: 49
Born: 1975
Born: February 22
Hindsight
Determine
Mistake
Whether
Something
Think
Thinking
More quotes by Scott D. Anthony
Successful strategies adhere to a basic pattern.
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Small teams move faster than big teams.
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It's one of the underappreciated skills required by an innovator - they have to be able to convince lots of people to do things that might not be fully rational (invest in the company, join something that is likely to fail, try a product they've never seen before), and if you can't tell a good story it is just very hard to make that happen.
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Anytime you see a constrained market, where consumption is limited to those who have special skills or are wealthy, that signals an opportunity for innovation.
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Three of our core corporate values are inclusiveness, collaboration, and humility.
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A next-generation innovation writer and thought leader worth watching.
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We've got some great big problems in our world. We have to figure out how to feed 10 billion people. Too many people can't access clean water, quality healthcare, and reasonable education. We have to figure out what to do about climate change, income inequality, and more. Innovators need to rise to the challenge!
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Any leader has two jobs to do. To do what they are currently doing better and more efficiently (call this strengthening the core), and to do what they are not currently doing but will need to do in the future (call this creating the new).
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I think people make innovation much more complicated than it needs to be.
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Have a core concept, but wrap it in a full business model.
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The sad truth is as difficult as the first mile can be for entrepreneurs, it is doubly tough inside most large companies as innovators can face some significant headwinds.
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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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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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You have to make the decision about whether you want to avoid or you want to overcome the resistance.
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If you are a large company and you want to do something unique, you almost by definition have to tap onto the core business in some way. Otherwise you are going into a naked fight against startups, and that's just a tough place to be.
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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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All disruptive innovators make it easier and more affordable for people to do what matters to them, and follow a strategy that doesn't at first glance make sense to the market leader.
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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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The most important thing here is to largely ignore what customers say, and instead watch what they do or track where they spend money.
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