In last month’s blog I talked about keeping your team innovative. One of the key tenets of an innovative team is the concept of moonshots or "10x Thinking" or audacious goals. In a “moonshot economy,” while a breakthrough can mean the start of a new industry leader, it can also mean the death of an industry stalwart.
First, let’s take a look at some previous moonshots and how they’ve impacted various industries and the world.
The first is, of course, the great Space Race. JFK’s challenge in 1961 to put a man on the moon before the end of the decade led to not only technological breakthroughs, but was designed to demonstrate international leadership during the Cold War. The success of this moonshot had ramifications way beyond Neil Armstrong’s footprints in the lunar dust. The Space Race launched a wave of technology innovation and boosted nascent industries such as semiconductors and commercial satellites.