The importance of building a testing culture within your organization, where you can run a lot of experiments on a very, very large scale.
If your hit rate is only about 10%, but if you’re running 10,000 experiments, you’re still getting 1,000 right. This can have a huge impact on your business. Listen to 25 minutes podcast or take 10 minutes for the transcript – here.
Bob Sutton’s nice write up on GM’s Chief Talent Officer about innovation at scale.
“The challenge of injecting innovation into large, staid, and stalled organizations has long vexed leaders, consultants, and academics. The list of failed efforts goes on and on, including Yahoo!, Motorola, Blackberry, Sears, HP, Kodak, RadioShack, and that terrible merger between Chrysler and Mercedes-Benz. Yet there are exceptions. Some tired old companies do turn vibrant. And there are well-told stories about how and why old struggling companies have beat the odds and changed their cultures, practices, and products for the better–although it is important to remember that nothing life is permanent, so such successes are best viewed as temporary and precarious.”
“Chris Zook is a partner in Bain & Company’s Boston office. He was co-head of the Global Strategy practice for 20 years. His most recent book is The Founder’s Mentality: How to Overcome the Predictable Crises of Growth […]. It addresses the importance of an insurgent mission, frontline obsession and owner’s mindset in tackling scale challenges of overload, stalling and freefall.”
Original article / interview on innovation tips from Chris Zook, Bain partner can be found here.
Great collection of Stanford eCorner – “It’s simple in theory. You move fast or you fail. At their best, startups channel chameleon-like adaptability while speeding forward. They seize opportunities, validate customer needs, and manage rapid growth.”
Stanford eCorner collected their favorite tips to help you learn to scale faster and build smarter.
“For visionaries, recognize opportunity: Artifical intelligence has transformed the landscape of tech products and jobs. Start imagining what customers and skilled workers will need next with Meg Whitman, formerly of Hewlett Packard Enterprise, and Chris Gerdes, Stanford Professor and former Chief Innovation Officer at the United States Department of Transportation.
For product managers, implement a customer development process: Instead of asking, can we build it? Start asking, should we build it? Learn to test your proof of concept using easy experiments with Alberto Savoia, formerly of Google and Sun Microsystems.
For founders and managers, manage the messiness of scaling: Growth adds complexity. It’s your job to keep processes simple. Distill the difference between constructive chaos and pure dysfunction with Dom Price, Head of R&D at Atlassian.”
This blog talks about the pains of growing a platform. For SaaS companies today, everyone wants to be the next big platform. But if you think it’s as simple as having some integrations and public APIs, think again. These three tips will help you recognize what a successful platform business really requires.