Malcolm Gladwell has an excellent piece on how Apple created its first computer after visiting Xerox parc. In particular, he discusses how the mouse was developed.
After Jobs returned from parc, he met with a man named Dean Hovey, who was one of the founders of the industrial-design firm that would become known as ideo. “Jobs went to Xerox parc on a Wednesday or a Thursday, and I saw him on the Friday afternoon,” Hovey recalled. “I had a series of ideas that I wanted to bounce off him, and I barely got two words out of my mouth when he said, ‘No, no, no, you’ve got to do a mouse.’ I was, like, ‘What’s a mouse?’ I didn’t have a clue. So he explains it, and he says, ‘You know, [the Xerox mouse] is a mouse that cost three hundred dollars to build and it breaks within two weeks. Here’s your design spec: Our mouse needs to be manufacturable for less than fifteen bucks. It needs to not fail for a couple of years, and I want to be able to use it on Formica and my bluejeans.’ From that meeting, I went to Walgreens, which is still there, at the corner of Grant and El Camino in Mountain View, and I wandered around and bought all the underarm deodorants that I could find, because they had that ball in them. I bought a butter dish. That was the beginnings of the mouse.”
This is a simple, yet powerful example of how a well-defined challenge can transform an industry. What challenge can you frame that will help you redefine your industry?