Agile Development, Behavior Modeling & Design, Business Analysis, Events, Information Technology, Innovation, Product Development, Social business, User Experience

Disrupt, fail, hack, lean…top tips to embrace success

Disrupt, hack, fail and lean…in case you are wondering what these are, they are the latest buzzwords in the technology industry today. No more terms with a negative tone or tinge, these once swear words are now the tech world’s definitive words to swear by. They have taken the world by storm, so no wonder businesses and individuals alike are encouraged to embrace them strongly. Rightly so, in an age of digital, mobile, agile and social times that we are living in, technology does have a profound impact on businesses and people. Change is the only constant thing, and entrepreneurship and innovation are sure ways for survival and success. In this blogpost, in a run-up to Texavi’s IMAGINEERING – INDIA,2013 conference, I will touch upon how embracing the mean and lean aspects like disruption,”fail-early-fail-often”, hacker way and being lean will separate the winners from players.

1. What are you disrupting today

Look around you and you will find disruption as the mantra behind every successful business, product, service or individual. For instance, in the technology space, the Internet and web sites and applications came and disrupted the way we work, play and talk. Google came in and disrupted the way we deal with information changing the preferred navigation mode of millions of people from browsing to searching. Apple’s iPhone and other Touch-sensitive  technologies disrupted the way we interact with phones and devices. Plastic money a.k.a credit cards came in and changed the purchase behaviours of people, which some would argue, in a negative way. With the technology powering the businesses, brace yourself for more disruption to happen in the near future. From wearable technologies to 3D printing and alternative currency, disruption is the name of the game. Disruption is not only the key differentiating factor but also the secret weapon that separates the great ones from good.

bitcoin

It is equally important if not more important, for the large well-established organisations to be disruptive as much as the small, suave start-ups. Large organisations such as Google, Apple, 3M and McDonalds continuously strive at disrupting the professional and personal lives of their customers leaving a huge impact, through their new products, services and business models. Small start-ups too are doing their bit to help disrupt the existing behaviours of consumers. Take the case of Bitcoin which is a startup wanting to disrupt the way people use currencies, although some people consider it a cheeky option. Over the last 5 years or so, Bitcoin has emerged as a new alternative for payment online. Similarly, David Fishwick’s Burnley Savings and Loans Limited has been pitched as disrupting the models of the high street banks. Yes, disruption is the name of the game today and anyone who would like to make it big in business must have the answer to the question What are you disrupting today? In fact, this is the question every business and start-up must ask for themselves, not only to survive but also make a mark in this world of cut-throat competition.

 

2. Fail fast and fail often

Failure has never been more recognised and more encouraged than now. The importance of failure was best brought out by the famous saying of Thomas Alva Edison, “I have not failed. I have just found 10,000 ways that won’t work”. Failure is the stepping stone for success and nobody who has succeeded wouldn’t have done it without ever tasting a slice of failure earlier. Behind every successful entrepreneur, you can find a string of failed initiatives and this applies equally well in the case of the technology businesses and products too. I don’t mean in any way that we all must have failure as our goal, but what is important is to be prepared for failure, often to the extent of keeping it as option A. This would help ensure that you cover all the possible scenarios. Also, when you fail, you are bound to become battle-hardened because with failure, you know what works and more importantly what doesn’t work.

Fail fast, fail often_texavi

It may seem that I am all for hailing failing, but the important bit is to recognise the need to fail early. Failing early on helps us to correct the course quicker and better. It will also help us in preparing to prevent similar instances or occurrences in the future. Failing earlier is better than failing quite later down the line, as the impact would have been lesser as also the resources required to for corrective action. Failing often is also a key step in the journey of progression and success as that shows the continuous endeavour and effort for improvement.

3. Adopt the Hacker way

Times are gone when people want to do things in a linear, bureaucratic and often long-winding manner. From venture capitalists to employers and financial markets, everyone nowadays insists on street-smart, tech savvy and ingenious attitudes on display. In a world where the boundaries between work and play are being constantly erased, what one needs is the ability to make a killing with speed, accuracy and confidence. One word to describe all of these and more is HACKER. Yes, hackers, at least in the context of IT industry, are your new battle-ready warriors who are the new age ninjas to pump up the productivity, profits and products’s successes through their shrewd, speed and solid work.

Hacking - brilliant idea

Hacking is not evil anymore, well if done with the right intent and intentions. It used to be often associated with young, smart brains turned in the wrong direction a la snooping. In the context of this post, I am referring to hacking in a slightly different skill – that of “doing” rather than relying on lengthy debates and futile processes. When Facebook went for the IPO, we got to know one of the secrets for their sustained success, which is The Hacker Way. Hacking in this sense is not about snooping, but it is the ability to quickly conceptualise, design, develop and test a product or feature quickly  and iteratively. So, there is no two ways in embracing the hacker way to deliver and turn around successful products, services and concepts quicker and more effectively.

4. Lean is in, are you ready

Building huge monoliths of businesses had been the key focus in the last few decades where power and might took precedence over everything else. Excess drive was on to build up the industrial mega-revolution making things bigger, mightier and powerful without consideration for the effectiveness, efficiency and long-term sustainability. However, as technology led from the front in the last couple years, businesses realised that its not the size and strength that matters, but efficiency and productivity on a sustainable basis. So, lean is in and started to impact various industries from manufacturing to IT. Going agile and being lean is not in processes alone, but must be replicated in people and other resources too.

Be_nimble_and_lean_TEXAVI

I shall touch upon each of these topics in greater detail in the upcoming blogposts. Please drop in with your feedback for further improvements and yes, you can also share some ideas for new topics. Have a nice time and until the next post, ciao!

 

7 Comments

  1. Francisco Arendall

    Your blog post is very informative and some great points there. I find these very relevant to the current day and very relevant to my clients’ business models.Thank you very much!

  2. Nicki Gallagher

    You should take part in a contest for one of the finest sites
    online. I will certainly recommend this blog – Keep up the great job!

  3. Thank you all for the kind words. As you would have noticed, I am pretty sure these trends and terms would define the future of successful businesses. So, you could see my reliance on these and my increased stress to embrace disruptive thinking, failing early and lean.

    Best,
    Pardha Mantravadi

  4. Milly J.

    Failing early and failing often is so very critical to success – very well written blogpost. Like to know your thoughts and views on these in detail. Waiting for the next posts :)

  5. John Manor

    Fantastic post on the top most trends and challenges facing us today. You put it all in 4 words, the best kept secret for success of businesses and individuals. Thank you for the nice writeup.

  6. Andrea Nichols

    Remarkable article, I have got clearer idea on the topic of disruption and importance of failure from your writeup. Good flow and nice thoughts. Thanks Pardha!

  7. Jack Holmes

    Your post toched upon just the right points I have been looking for – disruption and lean. These are indeed the powerful weapons for the modern day businesses and start-ups. Thank you for the nice post – keep it up

Leave a Comment

Your email address will not be published. Required fields are marked *