Fail Fast, Fail Cheap: How Errors Make Us Better
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The document discusses the concept of 'fail fast, fail cheap' in digital business, emphasizing that quick execution, learning from errors, and making continuous improvements are essential for success. It includes case studies of Asus and a fictional brand, highlighting the importance of community trust and adapting based on feedback. Ultimately, it argues that the journey of learning and improvement is more valuable than a singular goal or destination.
Fail Fast, Fail Cheap: How Errors Make Us Better
- 1. Fail Fast, Fail Cheap. Errors Make Us Better. Arik Hanson // @arikhanson ACH Communications Tony Saucier // @tsauce // OLSON
- 2. What Do We Mean By Fail Fast, Fail Cheap? There are goals in doing the digital - business, personal or community. Since there are no experts, we all learn by doing, so improvement becomes the metric. But big budgets, elaborate plans and committees will slow that down. So we improve most effectively when we think, execute quickly and fail. Then adjust.
- 3. All Rainbow. All the time.
- 4. Making it great. Or mediocre.
- 7. It Makes You a Real Mom.
- 8. Case Study #1: Asus Blogger Firestorm
- 10. Who won?
- 11. Who should have won.
- 12. Explanation? Apology? • "Certain aspects of the voting meant that we felt it was no longer not a level playing field for all of the bloggers. Some might argue that people were simply using the power of the internet. We felt that the fairest way would be to ask each blogger to vote for their favourite."
- 13. Ladies and gentleman, your ASUS brand champions! “What a crock of sh&t” “Disgusting favoritism” “Feeling of being cheated” “I feel like a fool for trusting you.” “Purely because of your incompetence.” “Thanks for testing and ruining my faith in ASUS”
- 14. Did ASUS learn from their fail? • Who really owns your brand? • Can you learn from your customers/champions? • Do you trust your community? • Do the facts outweigh perception? • Does it matter? • How could they have failed this faster?
- 15. Case Study #2: The First Nation of Slurp
- 16. The Corner Store Elixir.
- 17. Immortalized by Pop Culture.
- 19. • In an ideal world, what is success? • So what’s missing? • Where is the Slurpee community? • What’s the net effect for this brand? • Can this ship be righted? • How could they have failed this cheaper?
- 20. A Couple Who Got It Right.
- 21. Kreg Jig.
- 22. HairHustler.
- 23. If you take away something: Great ideas will work even if you can only afford what’s in the couch cushions. Failing fast & cheap is not charting a path to success, it’s continuous course corrections. You’re chasing the journey, not the destination.