When you’re reading a Forbes article on moonshot thinking and your patio view looks like this- you know it’s a sign 🙂
7 ideas for Moonshot thinking (an approach to innovation, and it can be applied to business or any other discipline where you target at least 10X goals)
- Don’t think products. Think problems. Improving your current offering vs solving industry relevant problems.
- Don’t just ask how. Ask “What if”. What if humans could take their hands off the steering wheel?
- Don’t just use Tech. Bring it together. Amazon’s “Just Walk Out” technology is a combination of computer vision, sensors and deep-learning algorithms.
- Don’t just build. Break it down. SpaceX’s epic reduction in what it costs to make space rockets is attributed to Elon Musk’s “first-principles thinking,”. Break down complicated problems into basic elements and then reassemble everything from the ground up.
- Don’t compete. Redefine competition. Uber didn’t compete for 10% market share or against a specific carmaker; it took a bite of the pie away from every carmaker.
- Don’t follow standards. Build standards. When Steve Jobs introduced the iPhone in 2007, he declared: “Today, Apple is reinventing the phone.” Google’s founders said “Our mission is to organize the world’s information and make it universally accessible and useful.” Not to improve search.
- Think to the moon. Ikea founder Ingvar Kamprad asked his board to think about the next 200 years.
What moonshot idea(s) are you excited for?
#ai #artificialintelligence #innovation #technology