Rave Mobile Safety reposted this
The mantra, “Fail fast” is commonly touted throughout the tech industry, yet failure is never the goal and true failure is not learning from every change in direction. An agile organization is able to learn fast and every mistake makes it better. In Forbes I shared my thoughts on how companies can foster innovation, venturing into the unknown and learning from every dead-end along the way. https://bit.ly/3THhwM0
Thank you for sharing this Mahesh. I love this perspective. Learn Fast! Resilience over redundancy. Having a culture that promotes collaboration and dedicates time to work on passion projects certainly will fuel innovation in all areas of the business.
Your insights on fostering innovation and learning from mistakes in the tech industry are valuable. Embracing change and adapting quickly indeed contribute to the agility of organizations.
F.A.I.L. = First Attempt In Learning. So many insightful gems here as usual! I love how you highlight the need to reinvent on both sides, which is only possible when everyone understands the why, and how they are each contributing to the overall vision. Acquisitions are a golden opportunity to learn from one another and gain new perspectives which lead to more creative and innovative solutions. Great article!
Great read and very well articulated the need of innovation to maneuver Mahesh!
Those are some great insights. Thanks for sharing with us!
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6moThank you for sharing, Mahesh Saptharishi. Your point that both the acquirer and the acquired company must change to achieve synergies is spot on but is rare.