To achieve big progress, we need really weird people who can challenge the status quo and change the way we think about things. However, as companies get comfortable, they lose their innovative edge and become less adaptable to change.
The podcast hosts discuss the need to continue creating and innovating, and question whether other organizations have looked at Tony Hsieh's success with Zappos as a model.
The episode features stories of technical malfunctions at an event where Farnam Street's The Great Mental Models project is discussed along with one innovator's approach of having different projects to work on.
The technological advancements that we enjoy today are a result of inherited knowledge that has been passed down through generations, from roads built by the Romans, to calculus invented by Newton, to inventions such as parkas and kayaks. Humans inherited this broad knowledge, and ants also have a range of inherited knowledge.
The speaker discusses the danger of dismissing groundbreaking discoveries due to societal norms and patterns of thinking, using examples from history to emphasize the importance of staying open to new ideas.
In times of crisis such as the pandemic, occasional disruptions can lead to businesses becoming less risk-averse and more innovative. On the other hand, too much planning and detail can take away the spontaneity that is often required for one to have a good time.
Companies often try to turn opinion-based decisions into data-driven decisions as a fear of losing their job. However, in order to innovate and create new products, it is important to own and articulate those opinion-based decisions, especially in the early stages of a project.
The history of innovation is marked by highly disagreeable people who invented solutions for a problem, just as James Watt invented the horsepower to sell steam engines to mines. Moreover, there are people for whom the idea of electric cars is attractive, but who refuse to join the Tesla cult, creating a whole market for electric cars.
The transcript discusses the story of an innovator and inventor who experienced a big setback in his superconductor work and how he dealt with it, as well as his struggle to get his film scripts produced.
As the internet allows for cross-pollination of ideas like never before, the number of possible pairings grows combinatorially, leading to an explosion of innovation across the planet, especially as the next four billion people come online over the next five years.
