The main components of the first principles concept used by Elon Musk are:
1. Identify and define the problem: In Musk's case, it was the high cost of buying a rocket.
2. Break down the problem into its fundamental truths or principles: Musk realized that the raw materials for a rocket only cost around two percent of the price of a rocket.
3. Create new solutions from scratch based on these truths or principles: Musk decided to buy the raw materials and build a rocket himself, significantly reducing costs.
Have you ever wanted to run a project like Elon Musk? What about the ability to predict a project’s...
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