Ideas that transform industries almost never come from inside those industries.
Interpretation
Disruptive ideas often originate outside the conventional sectors they impact.
This quote highlights the tendency for groundbreaking ideas and innovations to emerge from outside the established norms of specific industries. It suggests that fresh perspectives and creative thinking from outside an industry can lead to significant transformations within that industry, emphasizing the importance of cross-disciplinary insights and the value of outsider viewpoints in driving progress and change.
In practice
In a business meeting to inspire creative thinking among team members.
The real damper on employee engagement is the soggy, cold blanket of centralized authority. In most companies, power cascades downwards from the CEO. Not only are employees disenfranchised from most policy decisions, they lack even the power to rebel against egocentric and tyrannical supervisors.
The biggest barriers to strategic renewal are almost always top management's unexamined beliefs.
To create an organization that's adaptable and innovative, people need the freedom to challenge precedent, to 'waste' time, to go outside of channels, to experiment, to take risks and to follow their passions.
If customer ignorance is a profit centre for you, you're in trouble.
It doesn't matter much where your company sits in its industry ecosystem, nor how vertically or horizontally integrated it is - what matters is its relative 'share of customer value' in the final product or solution, and its cost of producing that value.
The single biggest reason companies fail is they overinvest in what is, as opposed to what might be.
Most innovative things are not obvious to other people at the time. You have to believe in yourself. If you've got a good idea, follow it even though others tell you it's not.
Want to increase innovation? Lower the cost of failure.
We always say Jordan is not rich in natural resources - we don't have oil or gas like some of our neighbors do - but I think in terms of human resources, we are quite lucky and we are really trying to foster an environment of innovation and technology. I think Jordan will emerge as a center of innovation in the Middle East.
In Israel, a land lacking in natural resources, we learned to appreciate our greatest national advantage: our minds. Through creativity and innovation, we transformed barren deserts into flourishing fields and pioneered new frontiers in science and technology.
If you double the number of experiments you do per year you're going to double your inventiveness.
Innovation is not born from the dream, innovation is born from the struggle
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