July - 2016 - Special issue > CXO Insights
Change or Perish - The New Success Mantra
Gurpreet Bhatia, SVP - HR, TalentSprint
'Change or Perish' - that's the reality for all organizations in recent times. The market is tough and fundraising from Venture Capitalists is becoming a faraway dream. The storm outside will eventually effect all companies, irrespective of whether it is an established company or a start-up. So how do you ensure that your growth is self-ignited and does not need an external catalyst or hindered by the storm? Here are a few tips to help you do this:
1. Fail a few times to get it right: As we all know, exploring the unknown could yield exponential results. So we need to try new products and revenue lines constantly. Don't get emotionally attached to your products and strategies. 'Fail quick, pivot and start over' is the new mantra.
2. Celebrate risk-taking rather than getting it right the first time: Coming up with good ideas and implementing them quickly is critical than waiting for 'The perfect idea'. Rewarding only those who get it right the first time will discourage risk taking among your employees.
3. Recruit people aligned to the organization's vision: Such employees will understand the goals, align and adapt to change quickly. Fast learners who don't shy away from cutting-edge technology and paradigm shifts should form the core team.
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