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Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration

Book by Tiisetso Maloma · 20 quotes · Elon Musk, Innovation, Spacex

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Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration Quotes

“Elon Musk over promises to deliver proprietary-to-novel products in short time but delivers a bit late. The advantage of this tactic is it drives global PR ad also lures pre-orders.”

InnovationElon Musk
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“The Falcon 9’s two launch stages are engineered to return to earn. The first part of the rocket propels the rocket head and then returns to earth and lands where it fired from. This is done by using grid fins and the engines performing retry burning.”

Elon MuskSpacexFalcon 9
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“The Raptor engine is another advanced innovation, as it is the first full-flow staged combustion rocket engine ever flown and produces the highest combustion chamber pressure ever reached by an operational rocket engine (330 bars). The previous record holder did 290 to 300 bar in one mode of operation is the (Soviet's RD-701 engine) in the 1980s.”

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Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“Overall, the success of SpaceX serves as an example of how re-imagining manufacturing and applying new materials and proprietary innovations can lead to significant cost reductions and novel innovations. It is important to always remain on the lookout for new ideas and improvements and to have a technically capable team in place to make them a reality.”

Elon MuskSpacex
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“Elon Musk, a multifaceted industrial designer, engineer, and technologist, also possesses these artisan-like hands. He has the capacity to deconstruct complex systems, identify areas for improvement, and construct his own enhanced versions.”

Elon Musk
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“Innovators possess the drive and determination to act upon their interest to learn a skill or pursue a vision, even if it means hiring skills to develop or create for them. Again still, they possess the drive and determination to act upon their visions, turning them into tangible realities. Their actions set them apart from the rest, as they actively engage with the challenges, uncertainties, and possibilities inherent in the creation process.”

InnovationElon Musk
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“To become an innovator, one must first be in motion, continuously pursuing their passions and engaging in meaningful activities. This proactive mindset, coupled with the drive to explore and create, is what sets the stage for innovation. Just like Dr. Fleming, who made groundbreaking discoveries by actively conducting experiments and pushing the boundaries of his field, true innovators understand the value of taking action.”

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Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“Innovation itself can be viewed as a stack of interconnected elements. Consider a chair, for instance, which combines wood or other solid materials with a specific geometric shape designed for comfortable seating, primarily suited for humans. Adding cushions to the chair further enhances its innovation by increasing comfort.”

InnovationElon Musk
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“To become an innovator, one must possess the ability to envision novel innovations across a range of domains, from material discoveries to proprietary-novelty. Acquiring diverse skills and cultivating a mindset that embraces cross-disciplinary thinking and exploration paves the way for the generation of groundbreaking ideas. The breadth of knowledge and expertise allows innovators to traverse different realms, connect seemingly unrelated concepts, and ultimately push the boundaries of what is possible.”

Elon MuskInnovations
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“As you acquire more skills, your ability to create a wider range of products expands. With each new skill, you gain increased confidence, practicality, and boldness, enabling you to pursue and develop even more daring and innovative creations. Elon Musk's approach to innovation operates in this manner.”

Innovation QuotesElon Musk
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“Elon Musk hires smart people and let them figure solutions. At the founding of SpaceX, Musk hired various engineers to help build these would be novel rockets that would cost clients a fraction of the then going rate.”

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“Elon Musk suffers from over promising and delivering a tad bit late – but not under-delivering.”

InnovationElon Musk
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“A great frame inferred to encapsulate Musk’s hiring philosophy is the ‘two-hands test’. It means the candidate must have first-hand experience and a hands-on expertise in testing. Passing the two-hands test proves you have skin in the game.”

InnovationElon Musk
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“Elon Musk is indeed the man of the moment for entrepreneurship and innovation in this era. In our time, he has propelled proprietary innovation in various industries: finance, automotive and space travel.”

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“I see Elon Musk as a combination of Henry Ford, Thomas Edison, and Steve Jobs, of our time. In his entrepreneurial pursuits, he has played the role of a programmer, industrial designer, product architect, mechanical engineer and physicist.”

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“Elon Musk is a synthesizer of engineers. He has brilliantly played human resource and hired amazing engineers to create ‘material-discovery-novelty to proprietary-novelty’ innovations.”

InnovationElon Musk
Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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“It is worth noting that Elon Musk enjoys certain privileges that may not be available to everyone. For instance, he is situated in the United States, which is a developed country with a large population of over 300 million people, and where funding opportunities are relatively more abundant. His previous entrepreneurial successes have also placed him in favourable positions to secure funding for his ambitious projects.”

EntrepreneurEntrepreneurshipElon Musk
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“Despite Elon Musks’ privileges and advantages, I believe that his approach to innovation is adaptable and can be replicated to varying degrees.”

Elon Musk
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“Elon Musk calculated that by producing about 80% of their hardware in-house for SpaceX, they could cut the cost of launching for customers and still enjoy a 70% gross margin.”

InnovationElon MuskSpacex
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“One of the most notable innovations of SpaceX is the creation and engineering of reusable rockets. Prior to this innovation, once a rocket was used, it was done with, resulting in significant financial loss.”

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Book:Innovate Like Elon Musk: Easily Participate in Innovation with Guidelines from Tesla and SpaceX: A Simple Understanding of First Principle Thinking and Vertical Integration
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