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How to Innovate Like a Startup

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https://www.inc.com/simon-sinek/the-secret-to-sustainable-innovation.html

inc.com

How to Innovate Like a Startup
It is no accident that small businesses so often run innovation circles around large corporations. Though almost all large corporations today started small and innovative, they seem to lose their ability to innovate when they get big. About the only way big companies, flush with resources, seem to innovate these days is when they buy the smaller companies that have the big ideas.

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Small And Innovative

Large corporations seem to lose their ability to innovate, something that they could do when they were small and nimble.

These big companies buy smaller companies, who are innovative despite...

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Limited Resources

Struggling with limited resources is a good formula for small companies, but is not easy to replicate in large corporations.

Innovation comes when companies are not focused on new ways to se...

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A Do Or Die Situation

Human beings as a species are not built for abundance and paradoxically achieve peak productivity with constraints and limited resources.

There is no 'circle of safety' in small com...

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Abundance Hinders Innovation

If resources are greater than the problem, that very abundance works against innovation.

If leaders of large companies wish to innovate, they must ensure that the challenge...

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SIMILAR ARTICLES & IDEAS:

Innovation in business

The idea of innovation is taking off just as fast as the businesses that embrace it.

But, not all companies are prepared to push innovation within their organizations. Changing workplace s...

Intrapreneurship

An intrapreneur can be defined as someone who thinks like an entrepreneur but brings their ideas to the company where they are employed instead of launching their own business. 

Instate a "no idea is a bad idea" policy, gather the support your employees need to try out their ideas and let them pitch decision-makers at your company.

McKnight’s 15-percent-time rule

This allows employees to spend 15 % of their paid work time daydreaming, doodling or experimenting with ideas that don’t necessarily have to do with their work at the company.

This kind of daydreaming is the genesis of invention and fosters passion for one’s work.

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5. Read For Immediate Rewards

Studies show that there’s correlation between human behavior change and immediate rewards. Receiving immediate rewards releases dopamine in our brains, which compels us to seek more of the a...

4. Use Triggers to Your Advantage

We often start habits and drop them a few days later. To combat this, you can use triggers to remind you to practice the habit. Examples of triggers:

  • Reading at the same time everyday will prime your brain to automatically trigger itself to begin reading.
  • Leaving your books in places you will easily see is another trigger. If you read books digitally you could pin your tab so it’s always in your visual perspective.

3. Stop Before You’re Finished

Studies indicate that the Zeigarnik Effect is real. It says you are more likely to recall uncompleted tasks than completed ones.

Knowing this pattern of our brains, we can trick it by forcing cliffhangers when we’re reading books. It’s hard to stop reading in the most interesting part but it will make you want to start reading again.

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The Conscience of an Organization

Certain organizations have the capacity to transform themselves, if the leader who is in charge, has the vision and the will for it.

It's not very often that short-term profitability and a se...

The Power of One

A leader with clarity of conscience and a readiness to speak up can make a difference, and contribute to the greater good of humanity.

Cultural change can be made possible even if a middle-level or lower-level manager puts together a radical vision and gathers momentum from his peers.

Sequential skill development

Taking challenges continuously, big or small, contributes to your 'challenge taking' skill-building, preparing you for bigger milestones in the future.

The skills that are built, eventually operate in different areas, sometimes in unplanned and unanticipated situations. 

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