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Tesla Book Covers Business Principles [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The plant is the only production site for the Model S and Model X and also produces the Model 3, and Model Y. getty How do you really create hyper-growth in companies? Is it having the right products and services? Hiring the right people? Consulting the right oracles? Or does it have to do with a different approach to the same old problem: survival in a competitive ecosystem? There's a new book coming out from Jon McNeill, President of Tesla from 2015 to 2018. It's called The Algorithm, and it reveals Tesla's framework for innovation in a world where unlocking growth is often difficult. I read this with enthusiasm, and I'll break down some of the author's points on each of these business strategies, which, taken together, represent what McNeill calls Elon Musk's Algorithm. Question Every Requirement The first principle in McNeill's list is to look critically at every rule or requirement in the product or process, and see if there are “dumb or unnecessary” requirements embe
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