Finding Profitable Ideas(2 / 2)

Theremaybeinsufficientfundsavailable.

Themarketplacemaynotbereadyforthenewideayet.

Therightemployeestohelpmaybeinuseelsewhere.

Agoodlaunchmanagerwilladdresstheseissues,cutthroughtheproblems,delegateresponsibilitiesandgettheproductorserviceintothemarketplacewitheverythingitneedstoflourish.

■Killingfailuresearly—lettingpromisingideasthatdeservetodieactuallydieratherthankeepingthemonlifesupport.Thisisakeypartoftheinnovationprocess.Ifbadideasarekilledoffquicklyassoonasitbecomesobvioustheywon'twork,peoplestarttoseethattheselectionprocessisopen,honestandtransparent.Thatmakesthemmoreamenabletoparticipatinginthefuture.Killingoffbadideasquicklynotonlyfreesupresources,butalsoencouragespeopletothinkmoreobjectively.Overtime,theorganization'sjudgmentimprovesasitlearnswhatdoesn'twork.