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10 Profound Facts About Innovation for 2015

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10 Profound Facts About Innovation for 2015

  1. 11 Profound Facts About Innovation for 2015 Presented by LeanEnterprise.co
  2. “By 2020, more than three-quarters of the S&P 500 will be companies we have not heard of yet.” ! -Professor Richard Foster, Yale University 1
  3. 93% of executives are looking to innovation to drive growth -PwC study with 1,757 corporate executives 2
  4. 81% of executives do NOT believe their organizations know how to lead innovation -PwC study with 1,757 corporate executives 2
  5. “Over the last ten years, 40 different billion-dollar startups were founded.” ! -Aileen Lee, Cowboy Ventures 3
  6. “Facebook is now worth more than Disney, Coca-Cola, and Intel.” ! -Matt Phillips, QZ.com July 2014 4
  7. “A gigabyte of storage in 1993 cost over $9,000. Now it’s a mere 4 cents.” ! -Julie Bort, Business Insider 2013 5
  8. “The cost is almost nothing to build the next Twitter. Assume $160 for a Ruby on Rails course plus free hosting on Heroku.” ! -Courtney Boyd Myers, The Next Web 6
  9. The Startup Curve Initial Enthusiasm Reality Sets In TROUGH OF SORROW Before Startup Scale Product/ Market Fit! Starts Working Experimenting & Pivoting Source: Paul Graham; avc.com Time Happiness
  10. “The application of disruptive technologies at the time of development were not only unknown, but unknowable.” ! -Clay Christensen, The Innovator’s Dilemma 7
  11. “Our findings support the idea a firm’s scope for strategic change is bound by external entities (i.e. existing customers).” ! -Clay Christensen, The Innovator’s Dilemma 8
  12. 9 “Despite the popular conception of entrepreneurs as risk takers, risk aversion does not seem to affect the decision to become an entrepreneur.” ! -Noam Wasserman, The Founder’s Dilemmas
  13. 10 “The founders of Twitter, Instagram, Pinterest, Foursquare, Asana, and others were Google employees who found it easier to start their ventures on their own.” ! -Trevor Owens, The Lean Enterprise
  14. “The average entrepreneur has fourteen years of work experience and many of the most successful worked in large corporations.” ! -Trevor Owens, The Lean Enterprise 11

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