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Why Innovators Love Constraints

Harvard Business Review

Nearly a decade later, I find myself almost a fan of constraints. When I quit my job to become an entrepreneur, we downsized, moving into a home with ΒΌ of our former living space. young professional, entrepreneur, non-profit), are required to barter, to figure out what they have to bring to the table.

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NewTV Is the Antithesis of a Lean Startup. Can It Work?

Harvard Business Review

In short, lean was an answer to a specific problem, one that most entrepreneurs still face and that ebbs and flows depending on capital markets. It’s a response to scarce capital, and when that constraint is loosened, it’s worth considering whether other approaches are superior.

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Use Jugaad to Innovate Faster, Cheaper, Better

Harvard Business Review

The experience gave us some insights into a unique approach to innovation called jugaad , which entrepreneurs and enterprises are practicing in complex emerging markets like India. Jugaad is a Hindi word that loosely translates as "the gutsy art of overcoming harsh constraints by improvising an effective solution using limited resources."

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A Surprising Way to Jump-Start Entrepreneurship

Harvard Business Review

That''s what entrepreneur Steven Ma is betting on with his company ThinkTank Learning, which "makes bets on student admissions the way a trader plays the commodities markets." Olds tells Working Knowledge: β€œWhat I was seeing was reproducible and scientifically valid.

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Lean Doesn’t Always Create the Best Products

Harvard Business Review

They expect quality, and use it both as a selection criteria for purchase and as a constraint for sustained use. Many pre-funding startups – the primary audience of Lean – are built on nights and weekends by entrepreneurs who are driven by a need to change the world.

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Combating Four Innovation Lies

Harvard Business Review

Borrow from the Agile software development movement and push for many rapid development cycles instead of a single long cycle. While entrepreneurs have to scratch and claw to get resources, corporate innovators have access to all kinds of resources. The easiest way to address this lie is to change the development paradigm.

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What Big Companies Can Learn from the Success of the Unicorns

Harvard Business Review

Led by serial entrepreneurs. Unicorns are often founded and led by serial entrepreneurs, who have experienced business failures several times in their professional lives. This is makes it easier to take decisions and put them into practice very swiftly. Financed by VC firms. To be sure, there are also plenty of failures.