In Your Face, MBAs! Pt. II
Just yesterday, I posted about the fallacy of trying to control the future by predicting it, and now I’ve come across this. Matt at Signal vs. Noise summarizes a long book-launching interview, in three simple points:
- Conventional approaches and planning don’t work when you’re trying to get into new spaces
- Assumptions are what get most companies into trouble, and
- It’s not failure that companies need to avoid, but rather “failing expensively”
- A company’s best ideas will fall through the cracks unless there is a way to capture and process them
If I could add a fourth point it would be this:
So harness the collective insights of your employees. Move ahead quickly and get new products or services in front of people. Plan in such a way that when things do not go exactly as planned, you can quickly recover and move in a better direction.
Small businesses, you can take these cutting-edge insights which some of the more innovative corporations are implementing, and use them to your advantage within days, not months!
