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Ying Ying's Reviews > The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time
The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time
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This is the best book on entrepreneurship I have read to-date.
Some of my key take-aways are:
Entrepreneurship is not starting a small business (like most other businesses that already exist); it involves taking risks and creating new markets, most often for an underserved or not-served population.
Innovation comes when copying does not solve the problem you have targeted. Innovators are not trying to disrupt industries or markets - disruption is a side effect.
The real motivation for entrepreneurship is usually not money or fame; these tend to be weak motivators. The real and strong force behind is to solve a perfect problem you truly care about.
What you need to succeed is not so much qualification or money. Those are of little help if you want to create beyond the normal established industries / ways of operating. What you need instead is plenty of audacity and grit. The grounds for entrepreneurship are relatively equal for everyone.
Having an interlocked series of innovations makes it harder for established behemoths to attack; increasing the start-up's chances of survival. The series of innovations come as a result of solving successive interrelated problems.
Some of my key take-aways are:
Entrepreneurship is not starting a small business (like most other businesses that already exist); it involves taking risks and creating new markets, most often for an underserved or not-served population.
Innovation comes when copying does not solve the problem you have targeted. Innovators are not trying to disrupt industries or markets - disruption is a side effect.
The real motivation for entrepreneurship is usually not money or fame; these tend to be weak motivators. The real and strong force behind is to solve a perfect problem you truly care about.
What you need to succeed is not so much qualification or money. Those are of little help if you want to create beyond the normal established industries / ways of operating. What you need instead is plenty of audacity and grit. The grounds for entrepreneurship are relatively equal for everyone.
Having an interlocked series of innovations makes it harder for established behemoths to attack; increasing the start-up's chances of survival. The series of innovations come as a result of solving successive interrelated problems.
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