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Why This Book Matters:
Loonshots explains the concept that the ideas that might seem crazy now are the same ones that your future self can’t live without.
The Big Takeaways:
- Innovation is critical to overall success, so it must be handled with care.
- If If companies become more conservative with their ideas, the innovation used to start them will collapse.
- The United States was ill-prepared for World War II because they weren’t engaged in being innovative.
- The US believed that if a new invention would take longer than two years to develop, then it was not worth investing in.
- Companies deeply rooted in commodity-driven innovation find themselves swimming upstream as the ever-changing business environment evolves.
- Strategy-driven innovation will help save companies from collapsing as the workplace changes.
- Company leaders who do not consider the work of others risk leading their company downhill.
- Company leaders should focus on letting the best ideas shine.
- Fast development in the western world was due to the Scientific Revolution.
- Organizations must protect their ideas and create designs that allow developers to work without micromanagement.
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