2. Don’t Start Off on the Wrong Foot
“If I had an hour to solve a problem, I’d spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.”
Most competent managers follow best practices when launching a new product or service, including the market research, forecasting, segmentation, prototypes, and, if applicable, the Stage-Gate process, to name but a few. The same diligence applies to management when considering merging or acquiring a new business, the Marketing or Advertising department running a campaign, the Finance department when suggesting new investment options, or sales managers prospecting for new customers.
In all these cases, however, the most important step is frequently skipped, an omission ...