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Why Innovators Love Constraints

Harvard Business Review

Nearly a decade later, I find myself almost a fan of constraints. If you, like me, are a foot-dragging devotee, consider the following: Fewer resources produce proximity; proximity drives innovation. When I quit my job to become an entrepreneur, we downsized, moving into a home with ¼ of our former living space.

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Use Jugaad to Innovate Faster, Cheaper, Better

Harvard Business Review

We recently attended the World Economic Forum's India Economic Summit 2011 in Mumbai, where we moderated several panels and workshops on the topic of innovation. The experience gave us some insights into a unique approach to innovation called jugaad , which entrepreneurs and enterprises are practicing in complex emerging markets like India.

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A Surprising Way to Jump-Start Entrepreneurship

Harvard Business Review

That''s what entrepreneur Steven Ma is betting on with his company ThinkTank Learning, which "makes bets on student admissions the way a trader plays the commodities markets." Olds tells Working Knowledge: “What I was seeing was reproducible and scientifically valid.

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Lean Doesn’t Always Create the Best Products

Harvard Business Review

The buds of innovation are fragile, and are easily squashed by critique or a view of the competitive market environment. They expect quality, and use it both as a selection criteria for purchase and as a constraint for sustained use. First, it’s easy to talk yourself out of a good idea.

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Combating Four Innovation Lies

Harvard Business Review

Innovators have to deal with particularly insidious lies — things that people say that they believe are true, but actually aren't. Innovators working on new ideas often show early versions to customers to assess "purchase intent." Leaders often forget this lesson when they focus on innovation.

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What Big Companies Can Learn from the Success of the Unicorns

Harvard Business Review

Led by serial entrepreneurs. Unicorns are often founded and led by serial entrepreneurs, who have experienced business failures several times in their professional lives. Moreover, the innovations lying at the heart of the unicorns’ success stories are digital innovations. Financed by VC firms. Narrowly focused.