Showing posts with label Time frames. Show all posts
Showing posts with label Time frames. Show all posts

10 March, 2016

Tactical Withdrawal in Business

“You have to try different things & you define time frames within which you get to a certain milestone. And if you don't, it's OK to drop them and move to the next one.” Rishad Premji, Chief Strategy Officer WIPRO

Insight
Launching, and then withdrawing a project/product/service, is a difficult decision for leaders - it's a public sign of failure & their ego is on the line. Defining time frames & milestones, & withdrawing if the goals are not met, displays leadership maturity. E.g. Ola is to shut down its struggling grocery division barely a year into its launch as it failed to meet expectations.

Pause. Think. Go.

Flash back It was several years ago that I met him on a Bombay Walk - the ones where they take you around to see and learn about the colonia...