The PEP model of successful entrepreneurs and innovators - Deepstash

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

The PEP model of successful entrepreneurs and innovators

  • P - assion: Successful innovators are passionate about the problem they are trying to solve and will share the passion with everyone.
  • E - xperience: Innovators have experience with the problem they are solving, yielding valuable insight and knowledge.
  • P - ersistence: Growing a business takes persistence. It takes someone willing to push uphill to make it happen.

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SIMILAR ARTICLES & IDEAS:

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 Shifting Work Market

Becoming a skilled professional used to be a matter of learning what the professionals did, how and why they did it, and some general facts that somewhat described our societies and ourselves.

The Future Of Education

As climate change, population growth and technological development bring fast and drastic changes to our world, educational programs that encourage discovery and innovation become ever more necessary.

These programs teach that discovering brings not just good grades, or a financial reward. It brings the satisfaction that one can realize dreams, and thrive, in a world framed by major dramatic questions.