Thinks 338

Rita McGrath in HBR on how to get started on innovation projects: “If you are at an early stage, do not start with a huge team, big ambitions, and a major budget. That’s a recipe for total disaster. Instead, pick a couple of smallish projects in which success can be demonstrated in a small way, and use them to begin to train people on how to plan uncertain projects using a discovery-driven growth approach. This involves planning via checkpoints, rather than by hundred-cell Excel sheets. It involves people learning the approach to testing and learning, discovering which assumptions are valid and which are not. It involves experimentation and what innovation expert Alberto Savoia would call “pretotyping.””

David Perell: “I heard that Warren Buffett addresses the early drafts of his shareholder letters to his sister, Dorothy. Once he finishes it, he replaces her name with “Shareholders.” The lesson: Writing for a huge audience is a fast track to getting writer’s block, so write for one person instead.”

Thomas Sowell: “Freedom is not simply the right of intellectuals to circulate their merchandise. It is, above all, the right of ordinary people to find elbow room for themselves and a refuge from the rampaging presumptions of their ‘betters.” [via George Gilder]

 

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Rajesh Jain

An Entrepreneur based in Mumbai, India.