Assumptions Save Time, But Test Them First Assumptions save time, and time is money. In business, we make assumptions every day — about customers, employees, competitors, and markets. The problem isn’t the assumptions themselves; it’s acting on them without checking whether they’re true. Testing assumptions before implementing them can save your company time, money, and […]
Continue reading »Tag: innovation
Venture Building: Bite-Size Experiments
Since 1958, the lifespan of companies on the S&P 500 has plunged from sixty-one years to just eighteen. As Richard N. Foster and Sarah Kaplan show in Creative Destruction, the pace of change demands that leaders abandon legacy systems and rethink how new ventures are built. A Smarter Way to Grow A recent EY-Parthenon survey […]
Continue reading »
The Amazing Birth of the iMac
By Garrett Herschleb The iMac is popular for several reasons, including its innovative design, user-friendly features, and reliable performance. Here are a few key factors that have contributed to the iMac’s popularity: Overall, the iMac’s combination of innovative design, user-friendly features, reliable performance, and loyal customer base have all contributed to its ongoing popularity. The […]
Continue reading »
Ford Mustang: The Teamwork That Brought Us an American Legend
Foundations In the middle of the American Civil War, a boy was born in Dearborn, Michigan, USA. He grew up on a farm and showed an early interest in machinery and technology. At the age of 16, he left home to work as an apprentice machinist in Detroit. Over the next several years, he worked […]
Continue reading »
Stirling’s Engine, the Comeback of the Century
In the yonder years of the Industrial Revolution machines of monstrous proportion dwarfed man in both means of production and thirst of power. The demand for energy was unlike anything called upon before, but inventors of the time powered through to usher in the modern age. It boiled down to two types of generators, the […]
Continue reading »