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Questions to help determine your firm’s innovativeness
In Thiel’s view, true monopolies create so much value that they no longer have to compete, allowing them to set their own prices and reinvest in future innovations.
“It is better to have enough ideas for some of them to be wrong, than to be always right by having no ideas at all” --Edward de Bono.
Do market capture innovation ideas require moving out of one’s comfort zone? Are you able to take the risk of looking stupid? Is it possible to see what everyone sees, but grasp a profitable insight that others missed? What does ‘zero to one’ mean? Why do we keep doing the same thing, hoping for a different result? Is perfect competition a good thing?2
