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The must-read summary of  Michael Gelb and Sarah Caldicott's book: "Innovate Like Edison: The Success System of America’s Greatest Inventor"

This complete summary of the ideas from Michael Gelb and Sarah Caldicott's book "Innovate Like Edison" shows that Thomas Edison is the greatest innovator in American history: he generated a record-breaking 1,093 US patents and 1,293 international patents over 62 successive years. He founded the world’s first research lab and General Electric. These have formed the basis of some of today’s billion dollar industries. This summary shows the results of the research of Edison’s competencies and strategies. It suggests that his exceptional innovations skills are based on five competencies and twenty-five best practices. It recommends such strategies as developing a solution-centered mindset, harnessing mastermind collaboration and focusing intensively on creating value. These general suggestions are broken down into practical measures: it explains how to create the best multi-disciplinary teams, and why you should recruit the best possible people. They believe in rewarding collaborators generously, and discuss the best ways to network. "Innovate like Edison" also includes tactical, long-term advice, such as when to consider up-scaling. 

Added-value of this summary: 
• Save time 
• Understand key concepts
• Increase your business knowledge 

To learn more, read "Innovate Like Edison" and discover Thomas Edison's systemic approach, and how to implement it.

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Seitenzahl: 37

Veröffentlichungsjahr: 2013

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Book Presentation Innovate Like Edison by Michael Gelb and Sarah Caldicott

Book Abstract

About the Author

Important Note About This Ebook

Summary of Innovate Like Edison (Michael Gelb and Sarah Caldicott)

Competency #1 – Have a solution-centered mindset

Competency #2 – Use “kaleidoscopic” thinking

Competency #3 – Apply full-spectrum engagement

Competency #4 – Harness master-mind collaboration

Competency #5 – Focus intensively on creating value

Book Presentation Innovate Like Edison by Michael Gelb and Sarah Caldicott

Book Abstract

MAIN IDEA

By any measure imaginable, Thomas Edison is the greatest innovator in American history:

He generated a record-breaking 1,093 US patents and 1,293 international patents over 62 successive years.Many of Edison’s inventions have gone on to become the basis for what are today vast multi-billion-dollar worldwide industries.He established the world’s first industrial research laboratory and a systematic process for innovation.Edison founded General Electric and pioneered the lighting, phonograph, movies, batteries and cement industries.

Obviously, Edison knew how to innovate. He based his entire innovation success around five competencies. Within each of these competencies, five essential elements can also be identified as building blocks or best practices Edison used. Taken together, these five competencies and twenty-five elements provide a blueprint for innovating like Edison.

“Thomas Edison invented systematic innovation and there is much to be gained by revisiting his methods and making them relevant to the challenges we face now. Edison was, of course, an exceptional genius, but the greatest product of his genius was the establishment of a systematic approach to success that he believed anyone could emulate.”

– Michael Geb and Sarah Caldicott

About the Author

MICHAEL GELB is a business consultant, author and public speaker. He specializes in the application of genius thinking to personal and organizational thinking. He is recognized as a pioneer in the fields of creative thinking, accelerated learning and innovative leadership. His consulting clients have included DuPont, General Electric, Microsoft and Nike and he is the author of ten books including How to Think Like Leonardo da Vinci, Body Learning and Mind Mapping. Mr. Gelb’s Web site is at www.michaelgelb.com.

SARAH CALDICOTT is a great-grandniece of Thomas Edison. She heads her own innovation and marketing consultancy firm, PowerPatterns. Ms. Caldicott is a graduate of Wellesley College and Dartmouth’s school of business. She has twelve years’ experience as a marketing executive with Pepsico and Unilever, has led numerous executive seminars on innovation and is an accomplished public speaker on innovation practices. Ms. Caldicott’s Web site is at www.sarahcaldicott.com.

Important Note About This Ebook

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

Summary of Innovate Like Edison (Michael Gelb and Sarah Caldicott)

Competency #1 – Have a solution-centered mindset

Thomas Edison focused intensively on finding solutions to real-world problems during his 62-year career as an innovator. He embraced many problems which would appear at first glance to be impossible – like lighting the world, for example – and approached them with passion and optimism. As a result, he gradually attracted the resources he needed to develop solutions to major problems in society.

To develop a solution-centered mindset like Edison had, there are five different elements you need to work on. These elements, going from the easiest to the hardest, are:

Level 1. Align your goals with your passions

Edison is famous for once commenting: “I never did a day’s work in my life, it was all fun”. In many ways, that statement epitomized Edison’s career. He aligned his work with his passions so precisely that he only did what he loved.

What were Edison’s passions?

He had a deeply rooted desire to pursue knowledge.He was intensely passionate about providing products and services that would improve the quality of people’s lives.He constantly focused on the joy of discovery – on “surprising Nature into revealing her secrets” as he put it.Edison was precise about he wanted to achieve and he was willing to persevere until he got there.

“One might think that the money value of an invention constitutes its rewards to the man who loves his work. But I continue to find my greatest pleasure, and so my reward, in the work that precedes what the world calls success.”

– Thomas Edison

Level 2. Cultivate charismatic optimism