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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.

Scott D. Anthony

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Scott D. Anthony
Age: 49
Born: 1975
Born: February 22
Consumption
Wealthy
Limited
Innovation
Market
Skills
Constrained
Special
Anytime
Opportunity
Signals

More quotes by Scott D. Anthony

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Mucken Singh works VERY hard on his brawler's physique!
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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.
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I think people make innovation much more complicated than it needs to be.
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I have a fear right now that what I call the advertising-narcissism complex is sucking up way too much top talent.
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I think it is only in hindsight that you can determine whether something is a mistake or not.
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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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Have a core concept, but wrap it in a full business model.
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I've come to the conclusion that the core characteristic that separates companies that get innovation from those that don't is a simple word: curiosity.
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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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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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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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In my mind, so-called cultures of innovation really boil down to one word: curiosity.
Scott D. Anthony
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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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Of course, it is worth it to take the time to think carefully through your assumptions, and ensure you at least have hypotheses around how you will create value. But use the analysis as a way to focus attention on the most critical assumptions, rather than spend a ton of time massaging the numbers.
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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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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.
Scott D. Anthony
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Small teams move faster than big teams.
Scott D. Anthony
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If you are trying to improve the performance of existing operations in known markets, it is an analytical problem where it's just a question of aligning your execution engine in the right way. If it is about creating something new and different, you can't derive the right answer analytically.
Scott D. Anthony
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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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People who live in more than two countries are more successful innovators.
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