THINK Week in Review: The “Fail Fast” Edition

When it comes to experimentation, it’s not about failing fast – you could be equally “winning fast”. It’s about learning why did it succeed or why did it fail and applying those learnings going forward. This insight is supported by the latest HBR study: The Top 10 barriers to digital transformation. According to the study, the list is topped by the “Inability to experiment quickly” followed by legacy systems and inability to work across silos. Interesting Forbes Study: The Great Rethink: How Digital Leaders Are Building Tomorrow’s Organization. “For Best-in-Class organizations, what the customer wants comes first. Just look at the goals of most digital initiatives: expanding into new markets, protecting market share and honing the brand experience. Close to 90% of leading organizations say they expect to increase their investments and resources significantly in design thinking-related activities over the next three years, three times the level of their less digitally advanced counterparts.” Pymnts released a new report about Banking for the Socially-Conscious consumer. “Money is power. And with power comes responsibility. Recognizing that some socially conscious consumers are interested in making a positive impact on their community, some financial companies are investing in tools that empower consumers to spend their money in accordance with their values.” Motivating employees is not about carrots or sticks. Don’t rely on outdated methods and tricks to motivate employees. Talk with your team about the relevance of the work they do every day. Be proactive in identifying and solving problems for your employees. Recognize employee contributions in specific, meaningful ways on a regular basis. Connect with your own motivation, and share it freely with your team. Put away the carrots and sticks and have meaningful conversations instead. You’ll be well on your way to leading a highly motivated team. The 5 most common procrastination excuses solved. “We can’t avoid procrastination. Instead, embrace it as a necessary chance to recharge, restore your confidence, and generate new ideas. To use procrastination to your advantage, you first need to understand what’s behind your excuses. For your procrastination to be functional, here are break activities that address–and counteract–the reasons you want to procrastinate in the first place.”