Quotes About Innovation

Alphabet Energy

Unfortunately, too many startup business plans look more like they are planning to launch a rocket ship than drive a car.

We must avoid the caricature that science means formula or a lack of humanity in work. In fact, science is one of humanity's most creative pursuits. I believe that applying it to entrepreneurship will unlock a vast storehouse of human potential.

Validated learning

todavía es más impresionante el hecho de que Toyota haya creado la organización de aprendizaje más avanzada de la historia. Ha demostrado la capacidad de desencadenar la creatividad de sus empleados, conseguir un crecimiento consistente y producir nuevos productos innovadores sin cesar a lo largo de casi un siglo.[13

As is typically the case in large-batch development, both groups had been willing to sacrifice the team's ability to learn in order to work more "efficiently.

EL MÉTODO STARTUP

exist to learn how to build a sustainable business.

We really did have customers in those early days—true visionary early adopters—and we often talked to them and asked for their feedback. But we emphatically did not do what they said. We viewed their input as only one source of information about our product and overall vision. In fact, we were much more likely to run experiments on our customers than we were to cater to their whims.

This is a classic case of "achieving failure"—successfully executing a flawed plan.

Unfortunately, standard accounting is not helpful in evaluating entrepreneurs. Startups are too unpredictable for forecasts and milestones to be accurate.

learn whether to pivot or persevere.

we figure out what we need to learn and then work backwards to see what product will work as an experiment to get that learning.

managers in most companies are already overwhelmed with good ideas. Their challenge lies in prioritization and execution,

Innovation accounting

Innovation accounting begins by turning the leap-of-faith assumptions discussed in Chapter 5 into a quantitative financial model. Every business plan has some kind of model associated with it, even if it's written on the back of a napkin. That model provides assumptions about what the business will look like at a successful point in the future.

The question is not "Can this product be built?" In the modern economy, almost any product that can be imagined can be built. The more pertinent questions are "Should this product be built?" and "Can we build a sustainable business around this set of products and services?" To

Because startups often accidentally build something nobody wants, it doesn't matter much if they do it on time and on budget. The goal of a startup is to figure out the right thing to build—the thing customers want and will pay for—as quickly as possible.

Platform Pivot A platform pivot refers to a change from an application to a platform or vice versa. Most commonly, startups that aspire to create a new platform begin life by selling a single application, the so-called killer app, for their platform. Only later does the platform emerge as a vehicle for third parties to leverage as a way to create their own related products.

Los sistemas que tan bien funcionan en las empresas pequeñas no pueden trasladarse al ecosistema más grande que necesitan las empresas en crecimiento, por lo que la empresa llega a un punto de estancamiento.

Anyone who is creating a new product or business under conditions of extreme uncertainty is an entrepreneur

Instead of making complex plans that are based on a lot of assumptions, you can make constant adjustments with a steering wheel called the Build-Measure-Learn feedback loop.

The Lean Startup works only if we are able to build an organization as adaptable and fast as the challenges it faces. This

We must be willing to set aside our traditional professional standards to start the process of validated leaming as soon as possible. But once again, this does not mean operating in a sloppy or undisciplined wa