Monday, August 01, 2016

Some ideas deserve to be killed Off

Today I read a great "snippet" from Peter Diamandis titled: Create a culture that rewards killing ideas.

"As I've discussed with regard to Google's moonshot factory 'X', Idealab also believes in killing
ideas quickly.

Ideas need a short life span
Bill Gross, founder of Idealab explains, "We kill a lot of ideas. There is no risk to our people; nobody gets fired. In fact, people get praised when we kill something. We save a lot of money when we kill a bad idea."

It is so critically important that this notion is ingrained into your culture – otherwise, it will never work. Reward your people for finding ways ideas won't work before you invest heavily in them."

So, are you holding onto an idea that really doesn't deserve any more of your time??