Showing posts with label Innovation. Show all posts
Showing posts with label Innovation. Show all posts

Thursday, 15 November 2012

Simon Sinek On Diffusion Of Innovation Summary

This post summarizes some of Simon Sinek's ideas about the diffusion of innovation, from a TED presentation.

Summary

  • Simon Sinek: People don't buy what you do, they buy why you do it
  • The goal is not to do business with everybody who needs what you have
  • The goal is to do business with people who believe what you believe
  • The part of the brain that controls decision does not control language
  • If people know why you do what you do, they can become loyal

Diffusion of Innovation
Diffusion of Innovation
  • Simon Sinek: You cannot reach mass market acceptance of an idea if you do not reach 15-18% of the market first, then the system tips
  • Early majority won't try something new before someone else tried it
  • The right people, right money and right market conditions do not guarantee success
  • Tivo told us what they had without you even ask it
  • Tivo could have said, if you want control on your TV (why), we have a product for you
  • People do not buy what you do, but why you do it
  • What you do only serves the proof of what customers believe in
  • Martin Luther King - 'I have a dream' speech, not 'I have a plan' speech
  • Leaders hold a position of power or authority, those who lead inspire us
  • We follow those who lead, not because we have to, but because we want to
  • We follow those who lead, not for them, but for ourselves
  • And it is those who start with why that have the ability to inspire those around them or find others who inspire them
P.S.: The reason I did not include Simon Sinek's golden circle is because I believe the why he created this circle is just an attempt to mystify people unnecessarily. He properly fails to apply his theory about selling his simplest idea. I don't buy it, which confirms his theory too...