Nine Out of Ten Ideas Will Fail
Our success rate is worse than we can imagine. Look at start-ups. Ninety percent of them don’t last more than five years.3 Ideas suffer much the same fate. Curiously, that goes unnoticed as teams invest much time figuring out how to reduce development time. I see value in this matter, though I perceive another question as more pressing: How fast can you drop bad ideas?
We assume our ideas are good, but reality shows us otherwise. Yet, we insist on following the same approach repeatedly. No wonder we face undesired results.
Sound product management requires adapting based on learning. It’s fine to get things wrong. It’s not fine to ignore reality.
Collaboration over coordination is the principle that can get you out of this trap. Instead of making your development flow rigid and complex, you will benefit by making it simple and flexible.
Let’s explore a different way of working that increases the odds of driving value faster.