In this episode, we talk about creative limitations and how those limitations apply to business innovation. We also discuss the importance of good leadership, boundaries, and communication leading to success. All of that, reflecting on the fall of a company called General Magic, once an offshoot of Apple that brought innovations that led to the iPod, iPhone, Google, eBay, etc.
Takeaways:
Some ideas are too early to market, and how to recognise it.
Excitement and passion without direction and boundaries can hinder your success.
Abundance of money and resources for a startup doesn't necessarily mean instant success; without good leadership, it can easily fail.
A red flag that you may be heading in the wrong direction is working non-stop, with no time to rest, reset and reflect.
Being in your element doesn’t mean that you are being productive; you may be working on the wrong thing.
What is the role of a leader when you are leading innovation; what do you need to be aware of and how can you manage creatives without hindering their creativity?
Why is asking for outside feedback and being vulnerable in hearing others' opinions important for your success?
Failure is as important as success: what we do with it and how we process the emotion will inform our next steps; we either grow or give up.