Elon Musk - the algorithm

1. Question the requirements. Make the requirements less dumb. - Requirements must have a name attached to them, not a department
2. Delete a part. Delete a process step. - If you are not adding things back in 10% of the time, you are clearly not deleting enough
3. Optimize - Possibly the most common error of a smart engineer is to optimize a thing that should not exist
4. Accelerate cycle time - You are moving too slowly, go faster! But work on the other 3 things first!
5. Automate

• "If the design takes a long time to build, it's the wrong design."
• "The best part is no part"
• "The machine that builds the machine"

Jeff Bezos - five ideas for running a company

• Contacts per unit, e.g. person, order, session, hour
• Price per experiment
• What's NOT going to change over the next 10 years? e.g. selection, low prices, and convenience
• Small separate teams without dependencies on the rest of the company that can make progress every day
• Be scared of your customers and not your competitors because your customers are the only ones giving you money