Navigating the world of innovation presents its own unique challenges. In your opinion, what's the biggest hurdle:a) Lack of resources,b) Resistance to change,c) Market uncertainty?I would be intrigued to hear your thoughts and how you’re overcoming these obstacles. Let’s help each other by sharing our experiences. #innovationchallenges #poll
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⚡ Understand your critical path!As a free-market entrepreneur that’s maybe not as important, because you have more possibilities to do trial and error and still come out with some result at the end.𝗕𝘂𝘁 𝗮𝘀 𝗮 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿, 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗲 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗽𝗮𝘁𝗵 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘆𝗼𝘂 𝘄𝗶𝗹𝗹 𝗴𝗲𝘁 𝗹𝗲𝘀𝘀 𝘀𝗵𝗼𝘁𝘀 𝗼𝗻 𝘁𝗮𝗿𝗴𝗲𝘁. If you’re not successful, you will be shot down very quickly. If you’re too successful ear
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⚡ Tesla wants to build and sell 20 million cars in 2030, that's 30% of the global car market. 𝘈𝘙𝘌 𝘛𝘏𝘌𝘠 𝘚𝘛𝘜𝘗𝘐𝘋?Let's draw some calculations, assumptions and analogies to find out if that feasible at all:𝟭) 𝗠𝗮𝗿𝗸𝗲𝘁 𝗴𝗿𝗼𝘄𝘁𝗵First of all the global automotive sales market is expected to grow by around 40% to 84 million sold vehicles. So of that, Tesla would need to take only 23% (maybe less, if we assume that vehicles will get cheaper on average). Still a significant number.𝟮
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⚡ The “Index-Mindset” - what is it, and why might it stifle growth?Globally, there’s a tendency to invest in index funds, some more famously known as ETFs. Investing in ETFs is seen as a mitigation of risk, because you’re buying into a whole market instead of only one single stock.This kind of “risk mitigation mindset” also spreads out into other areas of Western societies and culture.But: not taking big risks anymore stifles growth: not only in your stock portfolio, but also in your personal or
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