The two categories of innovation - Deepstash

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You too can be a great innovator, if you just learn to work with this

The two categories of innovation

  • Delivery skills. Skills include quantitative analysis, planning, detail-oriented implementation, disciplined execution.
  • Discovery skills. Theses skills are more involved in developing ideas and managing uncertain situations. It includes the ability to draw connections between ideas, questioning assumptions and the status quo, understanding a problem before trying to solve it, systematic experimentation, the ability to network and broaden a set of relationships. For innovation, discovery must come before delivery.

These skills can be learned through a combination of guidance, practice, and experience.

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Context trumps technology
Context trumps technology
  • When it comes to youth-led social innovation, how much a project is tech dependent is usually related to where the innovator comes from (many communities around the world have little or no acc...
Youth and the access quality education
  • The most critical topic for young innovators are quality education (42%) and decent work and economic growth (38%).
  • The cause of these concerns: 20-year-olds are transitioning from school to work, and are facing challenges and inequalities in these areas.
Inspired by local problems

Regional issues act as important motivations for young innovators when they decide to work on a specific project. These issues are usually as urgent as global ones, but get less funding in general.

They can lead young innovators to come up with highly localised, impactful solutions.

Tesla’s innovation strategy

Tesla’s innovation strategy offers lasting lessons for any innovator, especially in terms of

  • how to win support for an idea and
  • how to bring new technologies to th...
Innovation Capital

There are four factors how innovators build up their innovation capital: Who you are, who you know, what you have done, your ability to draw attention to your ideas. Most notably, innovation capital is something accumulated over time through thoughtful action.

The Cybertruck is then about getting attention and proving that Tesla is one of the world's most innovative companies, specifically for the purpose of building Tesla's ability to win support from stakeholders.

Winning the resources

Elon Musk is a master of building and using innovation capital to win support for his ideas. To gain support:

  • He leverages his past success at PayPal and Space X
  • He uses "impression amplifiers". He does more than talk about the new idea. He puts it into physical form to convince skeptics.
  • He broadcasts the idea through big media launches to generate a buzz.
  • He compares or draws a comparison between his innovation and some other successful one to create an impression of technical superiority.
The Eureka Myth
The Eureka Myth

There is a big misconception that ideas generate like a flash.

Researches show that such insights are actually the culminating result of prior hard work on a problem. Itt&#...

The Breed Myth

A lot of people think that creative ability is a trait inherent in one’s heritage or genes. In fact, there is no such thing as a creative breed.

Creative minds are not born, they are made. People who have confidence in themselves and work the hardest on a problem are the ones most likely to come up with a creative solution.

The Originality Myth

There's a long-standing myth about intellectual property - the idea that a creative idea is proprietary to the person who thought of it.

But history and empirical research revealed that new ideas are actually combinations of older ideas and that sharing those helps generate more innovation.