{"id":3687,"date":"2016-09-04T19:15:00","date_gmt":"2016-09-04T19:15:00","guid":{"rendered":"http:\/\/localhost\/projects\/horsesforsources\/fail-fast-bs_090416\/"},"modified":"2016-09-04T19:15:00","modified_gmt":"2016-09-04T19:15:00","slug":"fail-fast-bs_090416","status":"publish","type":"post","link":"https:\/\/www.horsesforsources.com\/fail-fast-bs_090416\/","title":{"rendered":"Why the slogan \u201cFail Fast\u201d is bullsh*t if you want to succeed with OneOffice"},"content":{"rendered":"
Perverse Infinite Monkeys… Failing Fast<\/figcaption><\/figure>\n

One of the business mantras we hear far too often is the concept of \u201cfail fast\u201d, but like other all-or-nothing<\/em> business slogans, it\u2019s majorly flawed. Although digital technology is disrupting many industries and business processes, \u201cfailing fast\u201d is not a great approach to decision making: yes or no<\/em>, or on or off<\/em> is too simplistic. Decision making needs to be more analogous, much more nuanced, based on real context, and, most importantly, real-time data.<\/p>\n

That said, failing is vital to any business, but simply failing and moving on to the next idea? Throwing your business thoughts against the wall and seeing what sticks, like some perverse infinite monkey approach, is not smart. Failing and limiting the damage from a dead-end pursuit is a good idea, but the real value of failure is what you learn<\/em> , and how your subsequently apply that learning experience to your business. This is what provides the value.<\/p>\n

You may have seen the OneOffice operating model that Phil has shared on his blog here<\/a>.<\/p>\n

<\/a><\/p>\n

Click to Enlarge<\/a><\/p>\n

The goal of the OneOffice is to engineer processes to ensure that the whole of an organization is greater than the sum of its parts. Any system, within any organization, is likely to become inefficient or will require\u00a0maintenance or over haul at some point. The issue with current business practices in many industries, is their systems and processes have typically been operated using closed feedback loops.<\/p>\n

The \u201cinnovation cycle\u201d in legacy<\/span> traditional business models has been driven by the experience of business leaders who have not had the benefit of accessing and interpreting the vast amount of data \u2013 particularly around the cause and effect of changes to business practices. The biggest change driven by Digital is not the better interaction or access to new markets, \u00a0but analyzing real-time data from interactions right across the customer, supplier and employee value chain to make informed decisions on the future. It gives companies instant (or near instant) feedback on its decision making loops \u2013 which can be used to create a massive open feedback loop for decision making that helps business leaders create their markets, not simply react to historical facts.<\/p>\n

In such a feedback loop, the impact of changes made, at any part in the system, can be tracked and analyzed. This data can determine, for example, when and how products are launched, the level of training a new product will require \u2013 and perhaps, more importantly, whether this strategy was correct. The open feedback loop is the heart of Design Thinking and the key to successful OneOffice schema. All parts of the organization are joined so cause and effect can be judged. Failure can be measured and learned from. Equally, the real reasons for success can be measured and replicated.<\/p>\n

The Bottom Line: Embrace your mistakes – and Learn from them<\/strong><\/span><\/p>\n

The most important feature of Design Thinking, or any business system designed to drive data driven decisions, is to create a culture where mistakes are embraced and learned from, rather than hidden and repeated. A good example of this is the \u201cAggregation of Marginal Gains\u201d ethos used by the British Cycling team, which helped it go from 2 medals in the 2004 Olympics to 12 in 2016 (6 of which were gold). The assumption being that any process can be improved. When you look at a system as a whole it\u2019s hard to see how to improve it, but if you look at the components it\u2019s easy to see how small improvements can be made. When a customer outcome isn\u2019t as good as it could be, what can be done to make it better?<\/p>\n","protected":false},"excerpt":{"rendered":"

Perverse Infinite Monkeys… Failing Fast One of the business mantras we hear far too often is the concept of \u201cfail…<\/p>\n","protected":false},"author":8,"featured_media":3688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,833,831],"tags":[132],"ppma_author":[1028],"yoast_head":"\nWhy the slogan \u201cFail Fast\u201d is bullsh*t if you want to succeed with OneOffice - Horses for Sources | No Boundaries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.horsesforsources.com\/fail-fast-bs_090416\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why the slogan \u201cFail Fast\u201d is bullsh*t if you want to succeed with OneOffice - Horses for Sources | No Boundaries\" \/>\n<meta property=\"og:description\" content=\"Perverse Infinite Monkeys… Failing Fast One of the business mantras we hear far too often is the concept of \u201cfail...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.horsesforsources.com\/fail-fast-bs_090416\/\" \/>\n<meta property=\"og:site_name\" content=\"Horses for Sources | No Boundaries\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-04T19:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.horsesforsources.com\/wp-content\/uploads\/2021\/12\/57cc67bc818fb465675376.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jamie Snowdon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TheWizeOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jamie Snowdon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.horsesforsources.com\/fail-fast-bs_090416\/\",\"url\":\"https:\/\/www.horsesforsources.com\/fail-fast-bs_090416\/\",\"name\":\"Why the slogan \u201cFail Fast\u201d is bullsh*t if you want to succeed with OneOffice - 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