This content originally appeared on HackerNoon and was authored by Asit Sahoo
\ In Part 2, we discussed how targeting too many market segments and industries can derail product development. Now, let’s talk about how to escape the “Everyone” trap and create a focused, successful product.
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The POC Problem: Juggling Too Many Proof of Concepts
Ah, the Proof of Concept (POC). It starts out innocent: “Let’s just do a quick POC for a couple of users.” But soon, you’re juggling a dozen POCs with no clear direction or strategy.
\ Here’s why this happens:
Lack of Clear Strategy: Without a solid product strategy, every new idea looks appealing. Without direction, POCs pile up as experiments with no unifying goal.
Fear of Missing Out (FOMO): You’re afraid of passing up what could be the next big thing. So instead of carefully selecting the right opportunities, you chase every lead that comes your way.
Inability to Say "No": Weak leadership can’t say no to new ideas, leading to constant scope creep. When there’s no prioritization, every suggestion seems urgent.
Resource Drain: The more POCs you take on, the thinner your resources get stretched. This leaves your team juggling too many projects at once, and none of them get the attention or focus they need to succeed.
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The "Innovation" Buzzword Trap: Why Part-Time Efforts Lead to Failure
Innovation is the buzzword that every company loves to throw around—it sounds exciting and forward-thinking. But when it’s time to move from ideas to execution? Silence.
\ Why? Because the reality is, many companies fall for the idea of innovation but aren’t ready to commit the resources and energy needed to actually drive it forward. Part-time brainstorming or assigning innovation as a side project is not enough to bring about meaningful change.
\ Here’s why part-time innovation efforts often end in failure:
Lack of Commitment: Innovation needs full-time dedication. It isn’t something you can dabble in on the side. Without dedicated resources, the results will always fall short of their potential.
Loss of Momentum: When employees are expected to juggle innovation work with their regular jobs, the project loses steam. Without focus, progress stalls and innovative ideas wither away.
Surface-Level Engagement: Quick brainstorming sessions may lead to great-sounding ideas, but they rarely lead to real-world impact. Innovation requires deep work, not just high-level discussions.
No Ownership and Accountability: Without full-time, dedicated ownership, innovation projects are left in limbo, with no one truly accountable for driving them to completion. They become just another item on an ever-growing to-do list.
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But there is a way to break free. In the next and final part - Part 4, we’ll discuss how to break free from the “Everyone” trap and focus on innovation the right way.
\ Acknowledgment*: A special thanks to Ankita for her insightful review and thoughtful proofreading of this article.*
About Author*: Asit Sahoo is an experienced product leader with over 10 years in AI and product development, having built $100M+ portfolios and co-founded an e-commerce startup.*
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This content originally appeared on HackerNoon and was authored by Asit Sahoo
Asit Sahoo | Sciencx (2024-09-27T13:48:20+00:00) Building for Everyone? Here’s Why Less is More: Part 3. Retrieved from https://www.scien.cx/2024/09/27/building-for-everyone-heres-why-less-is-more-part-3/
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