What we can learn from Ikea and Formula one
Remember that time when you had a fraction of the budget, time and resources to execute a specific project?
Our first reaction in those situations is to usually think ‘it’s impossible’.
But, constraints can be positive, fertile, enabling, and an opportunity to do things differently.
We just need to stop, and reevaluate.
Look at IKEA*.
The company’s DNA is all about embracing constraints.
How can a little go a long way? Big dreams, small resources. And always asking challenging questions that drive solutions to constraints of price, materials or space.
Or, Mercedes in Formula One*.
In 2014, the rules changed. Formula One’s ruling body told the teams that the cars would have 35% less fuel for each race.
Ferrari protested, and spent all of the time until the rules were enforced, fighting the change.
Mercedes invested that time in new innovations, and how to approach the new reality.
Mercedes ended up having the best technology and winning the world title.
Needing to do more with less is now the status quo, regardless of the nature or size of your business. We all have less time and resources, and the leadership challenges of today are to be able to grow and thrive within constraints.
When on a TIE programme, people learn to thrive with a lot less than they are used to, and prove to themselves of what they’re capable of, often surpassing their expectations.
On December 5th we will be hosting an event in London, UK, all around ‘Necessity being the Mother of Invention’, and how TIE is the link between real world innovation and a bigger role in helping to create the leaders of tomorrow.
There will be a handful of different stories and perspectives of what happens when people are forced to solve problems with very few resources. What happens when they see the world differently. And just how useful that can be. You can sign up here at this link: http://BIT.LY/TIEINNOVATION
Come and join us and be inspired.
And please do share with others that will find this of interest.
As James Dyson responded in 2013, when asked if he thought everything that could be invented has been invented, ‘No, this is a wonderful moment – a very exciting time for engineers. We have got to stop using all these resources: we no longer have to build the biggest and quickest, we have to build something that uses less: less water, less power, fewer materials. The inventions that are coming will come from new materials that answer that challenge, and from these new materials, scientists and engineers will be able to create a new generation of extraordinary products. We are at the beginning of a glorious age’.
If you’re in London, hope to see you on the 5th!
*I got these examples from a fantastic book I just read, A Beautiful Constraint. Highly recommend the read!