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Filtering by Tag: Innovation101
As I’ve come to realize, the “important truth” that seems to be hidden from most successful organizations nowadays is the story of how they managed to win in the first place. I don’t mean the biography of the founders or the timeline of key achievements, but rather the curious fact that ONE big idea, executed by competent operators, is often how today’s leading companies got to where they are.
Read MoreAs the robots continue taking over the world, the less room there is in the economy for human labor. Just like every other technology in history, automation (software or hardware) starts out by taking over jobs in the bottom of the skills ladder and works its way up over time. This trend is not going to slow down or stop, so this is the context that a young person considering their career options faces going forward: you can first expect to compete with other people to land a job and you will eventually compete with automation to keep that job. The good folks at BBC even put up a handy tool called "Will a robot take your job?" to help you find out how soon you can expect to be competing against them!
Read MoreAs Paul Graham said, the essence of innovation is to make something people want. Therefore, you don't have an innovation (or a business) until you have made something people want. Why then do we have so many startups and big companies out there claiming to be "innovative"? Let's explore...
Read MoreThe point of the "Innovation 101" series on this blog is to demystify the term "innovation" and give you a real world perspective of what it's like to do this kind of work. One of the biggest fallacies surrounding innovation nowadays is the idea that everyone should think about doing a startup or learning to code because tech companies are hot on the stock market again. That's like saying that everyone should think about being an electrician back when Thomas Edison rolled out the power grid. Sure, there is unquestionable demand for these jobs, but that does not mean everyone is cut out to do them.
Read MoreContrary to what the media will portray about overnight successes and savant teenagers who, during a single stroke of genius in their dorm rooms, create the next great multibillion-dollar company, the reality of innovation is that it's hard, really hard to do. To innovate consistently, therefore, is exponentially harder.
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