Adapt: Why Success Always Starts with Failure
by Tim Harford
About the Reference
Adapt reveals the power of adaptive trial and error in solving the most difficult organizational challenges. Tim Harford illustrates the benefits of performing small, non-threatening trial projects to determine optimal product features, service options, or process performance. Further, he shows how such trials are often responsible for the new product breakthroughs that result in new market categories and propel companies to the next level of success.
Benefits of Using this Reference
Adapt provides several methods for leaders to foster small, non-threatening trial projects within their organization. From skunk works to formal pilots, these projects represent little financial risk but offer the opportunity for a product, services, and/or process breakthrough as well as better engaging employees; all helping enhance the bottom line. Additionally, Adapt reveals how to extract lessons learned from those efforts that initially appear to be a failure; ensuring the organization benefits from all its efforts and continues to move toward a beneficial innovation.
StrategyDriven Contributors like Adapt because it not only illustrates the concepts presented, it also provides many real-world examples and immediately implementable methods to foster ongoing innovation. The adaptive trial methods put forth in Adapt reflect several of the employee engagement and planning principles endorsed by StrategyDriven; making Adapt a StrategyDriven recommended read.