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Inspirational Business Plan: Successful Innovation
Operational Plan:
"Everything
should be made as simple as possible, but not simpler."
–
Albert Einstein...
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16 Ways to Avoid the Hassle of Commercializing University
Technology
By: Terry Collison
Why Simplicity Works
"Simplicity works because it is based on human nature and
common sense."1 It helps people work smarter.
DOs and DON'Ts of a Successful Innovator
By: Peter Drucker
DOs
Keep it simple, keep it
focused...
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18 Leadership Lessons from Colin Powell
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Great leaders are almost always great
simplifiers, who can cut through argument, debate and doubt, to offer a
solution everybody can understand. The result? Clarity of purpose,
credibility of leadership, and integrity of organization....
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The Universal Problem
In today's era of
over-communication,
the avalanche of news about the
rapid changes of
modern life and management issues is turning people off. "The universal
problem seems to be how hard people have to work just to figure out what to
do.
Task work has been streamlined, but knowledge work has become more
cluttered and confusing. Making the right choices – fast, while everything
is changing – is now the toughest part of getting our work done."1
Most management training teach you to deal with every
variable, seek out every option, and analyze every angle. "Unfortunately,
when you start spinning out all kinds of different solutions, you're on the
road to chaos. You end up with contradictory ideas and people running in
different directions. Simplicity requires that you narrow the options and
and return to a single path."2
The Growing Avoidance of
Complexity
The psychologist Dr. Carol Moog states that in our culture,
there's is a "paranoia of omission". There's a sense that you have to cover
all your options because you could be attacked at any moment. You can't miss
anything or it could be fatal to your carrer.2 This leads to
maddening complexity. The best way to deal with these natural fears is to
focus on the right problem. That's the power of simplicity.
Besides, people don't want to spent too much time on
thinking. By simplifying a complex issue, you are making it easier for
people make a decision faster, without too much thought.
Apply 80/20 Rule to Your
Business
"Because business is wasteful, and because
complexity and waste feed on each other, a simple business will always be
better than a complex business".
To succeed in
managing change
and transforming your business by applying the 80/20 Principle, you need to
demonstrate that simple is beautiful and why. Unless you understand this,
you will never be willing to give up underperforming 80% of your current
business and overheads. "The way to create something great is to create
something simple... Progress requires simplicity; and simplicity requires
ruthlessness," writes Richard Koch.6...
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80/20 Principle: 10 Golden Rules for Successful
Carriers
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Identify where 20% of
efforts gives 80% of returns...
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Learning Power
In learning, we want things fast,
but we don't have time to study. "The world is changing so rapidly that by
the time we learn something, it has often changed in some way, shape or
form... We want satisfaction, proof that even though life is moving quickly,
we are gaining on it and we are making a
difference."5 Simple ideas from people who have done simple
things and achieved great results make this high-speed race more manageable.
They enable you to get started in small, immediate ways that make a
difference, confident that you will make progress if you take the initiative
to act.
Case in Point
General
Electric (GE)
Jack Welch summed up his prescription for winning in three words:
Simplicity is one of the keys to business. It is an art form,
with many definitions: "To an engineer, it's clean, functional design with
fewer parts. For manufacturing it means judging a process not by how
sophisticated it is, but how understandable it is to those who must make it
work. In marketing it means clear messages and clean proposals to consumers
and industrial customers. And, most importantly, on an individual,
interpersonal level it takes the form of plain-speaking, directness –
honesty."
The Four Powerful Questions...
Fast Decision Making...
Establishing Guiding Principles...
Unpacking Proposals...
Behave Like a Small Company...
Case in Point
Google...
Case in Point
Buffett's Teachings on
Investment...
Case in Point
Dell Computer Corporation...

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