If you are not embarrassed by the first version of your product, you've launched too late. Reid Hoffman (Founder LinkedIn)
Interesting thought, Reid!
It perfectly mirrors the paradigm shift that is taking place in our today's highly competitive economy.
New businesses prefer that their brand is associated with innovation and speed to market, even though the early adopters of their product will need to forgive them some quality issues.
Is speed the most valuable currency in our New World's economy?
The New World Seems To Be Fast
We need to speed up to be good.
At the "Digital Transformation Panel" of the World Economic Forum 2016 in Davos, Marc Benioff (CEO Salesforce) said that:
Being able to move quickly to catch the wave of market forces is more valuable than cash. How we grew our business was speed. You just cannot go fast enough. If you’re not going fast enough, someone else is. That’s why we all have to be a little bit scared and we all have to go a little bit faster. Source
Technology is able to provide business operations with speed and scale. That's why the reaction time we have for our decision making is constantly decreasing.
There are no excuses. You're either fast or out.
Keeping with the above mentioned conference in Davos, during the panel Marc Benioff took his iPhone and said:
We all have these incredible devices. This makes everything go faster. This is what is making everything go faster, because communication is just happening faster and faster.
Technology is supporting agility, and we have to deal with that. We need to adapt to that progress.
Even if we are thinking that most of our jobs will be done by robots in the future, human beings will still remain irreplaceable in certain roles and positions.
So we need to adapt our decision-making skills to that new environment.
An organization's journey to excellence begins ones it ceases to sacrifice quality for speed. Neil Beyersdorf
The idea is still not 100% worked out? The product still hasn't passed all the quality checks?
No problem. The price for speed is quality. We're aware, and it's fine.
We can't have it all.
Probably being first in the market is much more valuable than being the best?
Probably.
Nobody will remember the ones who followed the leader into the market.
So the next time you have a brilliant idea for a steemit article, you'd rather publish it right away. It doesn't need to be perfect 😉
Have a great one,
Marly-
Title image is original content; "Leadership Quote" found on doublequotes.net; "Golden Triangle" found on http://blog.tbhcreative.com.