THE NEW LEADERSHIP: Elite Skills to Increase Your Market Value and Beat the Recession! 

Episode 106 – Business Agility – Placing Small Bets

Episode 106 - Business Agility - Placing Small Bets

Forget Sprints and Standups – Business agility is about travelling light so you can go faster.   One important way to do that is by taking small, frequent experimental risks, also known as placing small bets.

  • Test with small investments – Rent or borrow equipment,
  • Copy other success stories and replicate them in unrelated domains
  • Get volunteers or part-timers to help.   Use gigsters
  • Learning and research – Get aggregators or summaries
  • Start with small commitments and experiments – lunch and learns versus coffees
  • Slice your scope
  • Work backwards from high-value outcomes