Innovation Party Weekly — Edition 10
This Week on Innovation Party..
The 6 Key Habits of True Innovators
Innovation is a deep topic, but as for any other topic, breaking it down into pieces and how it works, makes it easier to understand and apply the same process for any action-based creation of the new and useful. For us to innovate, we need to experience and feel the need for something and then, take systematic steps to realize it.
Let’s start with what innovation truly is. People are creative, thankfully, we have close proximity to bat genes, however, we have a dense brain that boosted our cognitive ability. Our innovation is incremental most of the time. It’s like driving a car and seeing the far reaches of the horizon as we make progress down the road.
Read more on Innovation Party..
OKR. Use The Power of Stretch Goals for Your Company
OKR stands for Objectives and Key Results. OKR is the top performance framework used by Google, Amazon, Netflix, and many more Fortune 500 companies. It is a simple yet effective tool if embraced as a culture. Stretch goals are where OKR shines and becomes the ultimate lifestyle of a company to find its true potential for any goal. Let’s define, study, and truly understand how stretch goals work.
OKR can be incredibly useful for any size company and it can also be life-changing individually. To build it as a part of your culture, you need to apply the guidelines with discipline.
Let’s dive into the principles of OKR and how you can maximize your performance using them.
Each OKR is implemented using 3 steps: Objectives, Key Results, and finally Initiatives.
How Come Tesla Builds Its Gigafactories at a Phenomenal Speed?
The math is simple. We need to first understand why Gigactories are necessary in the first place. Tesla is an EV company and EVs are made of batteries. Batteries are the most costly components of Tesla manufacturing and Tesla needs to scale up its battery production to reach the economies of scale and that’s exactly what they are doing with already 5 Gigafactories. These gigafactories are the buildings with the largest footprint in the world and yet, they are finished in less than a year. Ever wondered how it works?
Read More on Innovation Party..
OTHER HIGHLIGHTS
- Someone Made $3,000 Selling 3D-Printed Guns at a Gun Buyback Event
- Tiny wind turbines to replace diesel generators
- Senate improves EV tax credit in largest climate bill ever
Innovator Talk of the Week
Elon Musk just gave a 3-hour interview. He works 20 hours a day. He is the richest man on earth. He employs 200,000 people and yet, he still finds time to chat with Youtubers. In return, people support him and he also very well knows that this is a business strategy that made him a huge brand and a public figure who is loved and admired by millions of hardcore fans.
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Helium Network: The Best Crypto Mining Passive Income Business
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How do we cut in half in 10 years and reach the carbon-free economy by 2050? We need to innovate like no other time
Climate Crisis. How to Save the World from Ourselves
Check out this great listen on Audible.com. Existential threat. Climate change is the biggest existential crisis that humankind has faced. In the last 100 years, we have ruined the carbon cycle using fossil fuels, namely coal, petroleum, and natural gas, to build our civilization, not taking into …
OKR. Master the Performance Framework that Google Perfected
Check out this great listen on Audible.com. As humans, what sets us apart is that we can achieve extraordinary goals when we focus, collaborate, and continuously check on our progress. However, even in large companies, only seven percent of the people know their company’s top goals. OKRs, objectiv…
