Trying Sometimes Cheaper Than Deciding – New Strategies
Posted: December 18th, 2007 | Author: Karl | Filed under: New-Strategy, Strategy | 8 Comments »
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Having read this on a post at LinuxWorld it got me thinking:
Google is one of the few large companies that gets one fundamental rule of the Internet: Trying stuff is cheaper than deciding whether to try it. (Compare the cost of paying and feeding someone to do a few weeks of P* hacking to the full cost of the meetings that went into a big company decision.)
So when the cost of deciding to do something becomes much more expensive than doing something, what do you do? Here are a few ideas:
- Empower teams to launch experiments
- Develop a process for manageing projects as a portfolio of experiments
- Evaluate projects regularly
- Killing projects should be as easy as starting projects and everyone needs to understand that, and the criteria
- Start cheaply
- Get ready to fail faster
- Prepare to fail in public and be ok with that
- Create a “beta” culture
- Put basic legal boilerplate frameworks in place that minimize risk, don’t reinvent it each time
Those are just some rough ideas, any more? Anyone facing this issue?
