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What Makes An Idea Great? These Key Elements By David Skriloff

Makes an Idea Great

When it comes to having a great idea, top-level thought is often considered the most important factor. After all, this is where ideas start before they can become something bigger and better. However, what really makes an idea great? According to David Skriloff, it takes more than just a spark of genius to turn an initial concept into something that works for everyone involved. Instead, there are several key elements that need to be addressed in order for an idea to reach its full potential and make a lasting impact. Read on for further insight into what these elements are and how you can make sure your ideas have everything they need in place for success!

David Skriloff Lists Key Elements That Make An Idea Great

An idea is great because it has the key elements of feasibility, viability, and desirability, says David Skriloff. Feasibility means that an idea can be practically implemented in the real world. It must also be cost-effective and make sense, given available resources. Viability refers to how likely it is for a concept to be accepted by potential customers or other stakeholders. The idea must have potential appeal, value, and usefulness if it’s going to succeed. Lastly, an idea should possess desirability – something attractive or appealing that sets it apart from other similar concepts on the market. 

Let’s take a look at each element in more detail: 

Feasibility is all about practicality; will this work? Can we really implement it? It requires careful consideration of the available resources, materials, and manpower. When assessing feasibility, you should look at whether it is cost-effective to bring your idea to fruition; what associated expenses are there? Are there any legal or compliance issues that need to be taken into account? According to a 2019 survey by McKinsey & Company, 75% of fresh ideas failed due to a lack of feasibility. 

Viability has a lot to do with how well an idea will resonate with customers and stakeholders. Does it add value for them and meet their needs in some way? Is it something they can relate to or find truly useful? Here, you’ll want to consider the potential market size for your concept – is it big enough that it could make a difference? Additionally, you’ll want to look at how your idea will fit in with existing competition and if there is any potential for growth. 

Finally, desirability, as per David Skriloff, is all about making an emotional connection with customers; this involves creating something that stands out from the crowd. It should have an appealing aesthetic or user experience that differentiates it from other similar concepts on the market. According to a 2020 survey by Shopify, 64% of consumers said they had purchased something because it was aesthetically pleasing – highlighting just how important desirability can be for commercial success. 

David Skriloff’s Concluding Thoughts

Ultimately then, when crafting a great idea, you need to consider each element carefully; feasibility needs to be practically implemented, viability must be desirable, and desirability should stand out from other similar concepts. According to David Skriloff, when all of these elements come together, you’ll have an idea that could really take off!