Jon McNeill, DVx Ventures co-founder and CEO, former Tesla president and 'The Algorithm' author joins 'Squawk Box' to discuss a workflow followed by Tesla workers to help drive innovation.
Breakdown
- Tesla's innovation framework is a five-step process for radical simplification. 17s
- Frontline workers are empowered to innovate without seeking higher approval. 1m 54s
- The framework applies across industries, not just at Tesla or SpaceX. 3m 1s
- Innovation and progress are key criteria for employee promotion. 3m 52s
- Senior management encourages decision-making at all levels to focus on strategy. 4m 10s