Tag: Innovation
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Rebel Ideas Book Summary
Principles introduced by Matthew Syed- 1. Lack Of Diversity = Collective Blindness: Traditionally we think of success in terms of the individual. This may be true sometimes, but for the most part, success is driven by complex systems operating efficiently. To solve today’s problems, we need to take a step back and observe the…
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The Attackers Advantage Book Summary
The aim of this book is to help understand and respond with appropriate action in today’s fluid and uncertain business environment. Author Ram Charan elucidates from several interviews of effective individuals who are champions of recognizing uncertainty and making a profit out of it. Charan offers practical advice instead of just dull abstract…
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Alibaba – The House JAck Ma Built Summary
Book: Alibaba – The House JAck Ma Built Author: Duncan Clark <p> </p><p><strong>Alibaba is bigger than you think:</strong></p><ul><li>Alibaba had its humble beginnings from founder Jack Ma’s apartment. </li><li>Alibaba is now a global giant which raised in 2014 raised $25 billion in its initial public offering on the NYSE. </li><li>Behind only Google, it became the 2nd most valuable internet…
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How Google Works Book Summary
It is safe to say that Google is the company that has pioneered the Internet Era. It has extended its presence in every country in the world by catering to the preferences of practically all types of users. This book answers the all-encompassing question of how Google works. Here are some of…
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The Art of Strategy Book Summary
-Game theory is the science of predicting the outcome of a situation or game by understanding the risks and rewards associated with each decision. It can be used to effectively identify the best possible strategy/tactic for a goal. -The book is based on extensive research and is also paralleled with unique real-life examples to…
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The Art of Innovation Book Summary
SHARPEN YOUR FOCUS -What is the goal? Unless everyone understands the goal, future ideas have no real relevance. -Create a vision of customers and their needs. A persona of the standard user and how will the concept benefit them. -What does the finished product or service look like? Regardless of the inception stages, there…
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The Amazon Management System Book Summary
1. Unlike most business which is obsessed about competition, amazon is extremely obsessed with customers. Data is crucial and is the real equity for amazon. Data of customers is critical to identify customer needs, offer better service and value to them, which increases revenue output that further lowers cost and maximizes returns. 2.…
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The Innovators Dilemma Book Summary
Startups have a great opportunity to overtake industry giants when it comes to disruption. The reason is that it begins in low-margin niche markets as the target customer is often a totally different one than before. Large businesses are slow in offering these because some of the distinguishing factors of a business’s culture and…
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Where Good Ideas Come From Book Summary
1. The Adjacent Possible: Steven Johnson points out “Each new combination opens up the possibility of other new combinations”. Tomorrow’s innovations are built from the inventions of today. Everything surrounding us can be combined into something novel. 2. Liquid Networks: Great ideas come from combined “liquid” networks of individuals. Steven argues that most great…
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Zero To One Book Summary
– Globalization Vs technology. Zero to one Vs one to many. – future is unknown and about new context – cannot do it alone and too big an organisation can also not deliver. Startup fewest number of people who can bring the change – it is better to risk boldness than triviality – a…
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The Hard Thing About Hard Things Summary
Tell it like it is – Don’t project a too positive picture. Should NOT be the only one worrying about the company, product, business. Builds trust. Gets more brains to work on the problem. Bad news travels fast in a good culture Laying off the right way – get your head straight, don’t delay,…
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The Everything Store: Jeff Bezos and the Age of Amazon Book Summary
Looked at the rapid growth of internet and asked what all will get disrupted by this. Came up with many ideas and DE Shaw actually launched a few. Couldn’t create an Everything store on day 1 so had to choose a product category. Chose books. Kept generating more orders than they could service. Increasing…
