How consultants can help clients fail fast – to succeed quickly
Written by Ian Wylie Tuesday 08 August 2023Silicon Valley culture has given rise to several management techniques that have influenced not just the tech business, but other sectors too – from design thinking to data-driven decision-making. Of course, it’s not been all good: consider the Valley culture for long hours, hyperfocus on growth at all costs and, consequently, high burnout rates.
But perhaps one of the healthier ideas to emerge is the “fail fast” principle – an emphasis on the importance of quickly identifying and addressing failures or shortcomings in order to learn from them and make necessary adjustments.
The fast-paced and innovative nature of the tech sector necessitates rapid experimentation and adaptation. Entrepreneurs and startups embrace the mindset of failing fast to quickly test ideas, pivot where necessary, and optimise their products or services for the market. When Amazon introduced the Kindle, for example, it rushed to get a minimum viable product (MVP) into the hands of users quickly so it could gather feedback and iterate on the design and features. That “fail-fast” approach allowed the company to test and refine the concept based on real-world usage and customer input.
This fail fast idea also has roots in lean manufacturing and agile software development – but it’s become a guiding principle for all kinds of teams and organisations seeking to foster a culture of innovation, continuous improvement and adaptability. “The pace of change in our world today is so fast and not showing signs of slowing – so teams need to be able to fail fast and learn fast to simply survive,” warns Scott Rodham-Boyd CMgr FCMI CMC ChMC FIC, account leader at management consultancy Mott Macdonald.
Want to learn more about the fail fast principle and how it can help you?
Register for Free Access
Not yet a Member, Subscriber or Friend? Register as a CMI Friend for free, and get access to this and many other exclusive resources, as well as weekly updates straight to your inbox.
You have successfully registered
As a CMI Friend, you now have access to whole range of CMI Friendship benefits.
Please login to the left to confirm your registration and access the article.
Article
Our extensive range of articles are designed to keep you in the loop with all the latest management and leadership best practice, research and news.
Members See More
CMI Members have access to thousands of online learning and CPD resources. Learn more about our membership benefits
Join The Community
CMI offers a variety of flexible membership solutions, tailored to your needs. Find out more and get involved in the CMI community today.