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Career

58 SAVED IDEAS

Invention and innovation
  • Invention is the creation of a product or introduction of a process for the first time.
  • Innovation is when someone improves on or makes a significant contribution to an existing product, process or service.

Steve Jobs' iPod is an example of great innovation. The iPod was not the first portable music device, neither the first device to put hundreds of songs in your pocket. What made Apple innovative was that it combined elements in a single device.

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Career

Companies often focus on technology instead of the customer's problem.

Smart innovators frame their ideas to stress how a new concept is compatible with the existing market landscape.

  • Innovation should give a unique competitive position in the marketplace.
  • Differentiating factors of your innovation should be conceptualised around the key strategic focus of the enterprise.
  • Know the customers.
  • Identify resources, processes, risks, partners and suppliers and the ecosystem in the market.
  • Assess the value of the innovation and how the idea will bring that value into the organisation.
Creating a productive meeting culture

Most of us will struggle to stay focused during very long meetings - our attention is going to wander after an hour.
Long meetings could be a sign of failure of leadership to run efficient meetings. To change that, consider these questions:

  • Can a meeting be split into multiple smaller sessions focusing on specific topics relevant to everyone attending?
  • Can meetings happen regularly?
  • Can there be a 15-minute coffee break included every hour?
  • Could some of the information be conveyed in writing instead of in the meeting?
  • Can attendance be optional?
  • Don't bring your phone or laptop into the meeting.
  • Bring coffee and water to your meeting to keep your hands busy while you listen.
  • Develop a meditation practice where you notice your wandering thoughts and bring them back to the present.
  • Try to gamify your focus. Add a tally mark for every 5 minutes you stay focused.
  • Team up with a buddy and make a game of keeping each other focused.
Steps to an effective delegation
  • Always provide feedback.
  • Be sure to keep an eye on things.
  • Be clear about what you want your employees to do.
  • Delegate the right things.
  • Provide guidance when necessary.
  • Give employees the authority they need to get the job done.
  • Have the right attitude about delegating.
  • Consider the skills and interests of your people.
  • Set clear expectations.
The road less traveled

Choosing a nontraditional career path isn't the easiest approach, but it's one that makes job candidates more appealing to a smart recruiter.

It is natural to experience anxiety when choosing the road less traveled. This anxiety can be used as an opportunity to learn and grow personally and professionally. The key is to use the discomfort productively and master overwhelming situations.

A lesser-known company will most likely have more learning opportunities where you can challenge yourself and broaden your scope.

Big companies can be very good for professionals at the beginning of their careers as they have the resources to train people well. But large companies tend to be complex, bureaucratic organisations, and you may be unable to progress your career quickly.

Don't pretend that you don't have obligations outside of the office. Instead, set expectations at work and home to achieve enough balance to thrive in each environment.

Keeping a work-life balance is essential. Women, In particular, should force themselves to have uncomfortable conversations with their managers about other priorities, such as children and family obligations.

Keep in mind that there's no such thing as a perfect leader. It often means recognizing and learning from the strengths and weaknesses of whoever your leaders are and translating it into skills you can use in the future.

In truth, no one is good at everything. Some people are amazing leaders, and others are smart and creative but terrible at managing people.

Doing the unexpected feeds the idea that you understand what real work looks like, creates a healthy culture, and established your role as a leader.

Taking on tasks and responsibilities that are "below your pay grade" builds trust and goodwill with your teams. It also squashes the ego.

By acknowledging your anxiety and moving through the discomfort, you learn how to manage it instead of letting it control you.

For some people, the anxiety that comes with navigating a career can be unpleasant, but it can be debilitating for others.

Tesla, Inc.

Tesla (formerly Tesla Motors) was founded in 2003 and named after the famous 19th Century inventor Nikola Tesla, who is idolized by the tech community and engineers.

His work in electromagnetic fields, specifically the ‘alternating current’ is the basis of many inventions in the past century.

The current CEO of Tesla wasn’t the founder of the company and joined in 2004. His investments and lobbying provided the company with much-needed traction to build the first completely electric sports car, called the Roadster, which went into production in 2008.

The futuristic electric sports car was a technical marvel but out of reach for most people at USD 100,000, and also had a slow charge.

  • 2008 saw many upheavals and changes in leadership, with Elon Musk taking over as CEO in October 2008, and cutting manpower by 25 per cent.
  • Tesla faced financial problems in 2009 but drove through it safely by going public in 2010.
  • The company unveiled its mainstream consumer vehicle, named the Model S in 2011, and was critically successful, gaining a wide user base due to its lower cost (only USD 76,000!) and futuristic technology.

The company Tesla started making profit in 2013, a year after it launched thousands of charging stations all across the world. It announced it’s Gigafactory, one of the largest factories in the world, in 2014 in Nevada, where it makes batteries and solar panels

Tesla is now pivoting to solve energy problems across multiple sectors, apart from launching great electric cars, much to the delight of the consumers who can afford it.

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