Scale vs. Speed: Why Organizations Slow Down and 15 Ideas That Will Shape Your View of Building Products
Hatched by Kazuki Nakayashiki
Sep 10, 2023
3 min read
8 views
Scale vs. Speed: Why Organizations Slow Down and 15 Ideas That Will Shape Your View of Building Products
In the world of business, organizations are constantly striving for growth and success. However, as companies scale and expand, they often encounter a common challenge: a decrease in the pace of innovation. This phenomenon can hinder progress and prevent organizations from reaching their full potential. In this article, we will explore the reasons behind this slowdown and provide actionable advice on how to overcome it.
As you cross the chasm and acquire new customers, their expectations shift from seeking innovation to desiring reliability, trust, and efficiency. Customers want promises kept, predictable outcomes, and reasonable prices. To meet these expectations, it is crucial for organizations to focus on delivering improvements on a regular schedule and bringing predictability to their offerings. By doing so, they can reach a wider audience and have a more significant impact.
Refactoring your code from scratch and spinning off a cash cow to start something new may seem counterintuitive, but it can be an effective strategy. Starting afresh allows you to experiment with new ideas and approaches that may not work initially. However, with persistence and experience, these ventures can eventually pay off. Many famous big companies, such as Apple, Google, Slack, and Instagram, started with just a small team and grew over time. This serves as a reminder that even the largest organizations began with humble beginnings.
Now, let's delve into 15 ideas that can reshape your perspective on building products. One fundamental concept to understand is that people don't buy what you do; they buy why you do it. By identifying the narrow set of features or customers that drive the majority of impact on your business, you can focus on improving that functionality and delighting those users. This approach ensures that your efforts are directed towards what truly matters.
Testing and using your own products can provide valuable insights. By putting yourself in the shoes of your customers, you can empathize with their experiences and identify areas for improvement. Velocity is another crucial factor in product development. Just like velocity measures distance displaced, in product development, you want velocity towards your strategy. This requires prioritization and saying no to tasks or projects that do not contribute to your overall strategy.
When making irreversible decisions, caution is necessary. These decisions should be made carefully and require extensive information gathering to reach a well-informed conclusion. Additionally, it is essential to be mindful of overwhelming customers with too many options. Too many choices can lead to indecision and decreased satisfaction. Sometimes, doing things that don't scale is the fastest path to learning. Putting in manual work can bring you closer to the problems your customers face and may even uncover new opportunities that would have otherwise been missed.
A key aspect of product positioning and selling is identifying the real pain point your product solves, understanding who experiences the problem, and recognizing the trigger that causes the problem. By pinpointing the bottleneck and working to reduce or remove that constraint, you can improve the overall throughput of your product.
In conclusion, organizations often experience a slowdown in innovation as they scale. However, by understanding the shift in customer expectations, embracing fresh ideas, and focusing on the core features that drive impact, organizations can overcome this hurdle. Here are three actionable pieces of advice to help you navigate this journey:
- Prioritize delivering improvements on a regular schedule and bringing predictability to your offerings to meet customer expectations of reliability and efficiency.
- Embrace experimentation and be willing to start from scratch to explore new ideas and approaches that can eventually pay off.
- Identify the real pain point your product solves, understand who experiences the problem, and recognize the trigger that causes it. By addressing these aspects, you can position your product effectively and improve its overall success.
Remember, scale and speed are not mutually exclusive. With the right mindset and strategies in place, organizations can maintain innovation while scaling their operations.
Sources
Hatch New Ideas with Glasp AI 🐣
Glasp AI allows you to hatch new ideas based on your curated content. Let's curate and create with Glasp AI :)
Start Hatching 🐣