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Lean enterprises win: a bit more than a century ago the Norwegians conquered the South Pole while well funded and well resourced British “competitors” in the race to Antarctica all died on the way back.
The Norwegian expedition leader was Roald Amundsen who had been trained by the Inuit in Canada during an epic prior expedition to the North West passage. The British team was led by Robert Scott and showed up at the South Pole 34 days later than Amundsen despite starting much earlier.
Despite the British team had more men and resources they were late and ended-up dying on the return journey. Lean enterprises win, large, heavier enterprises may die due to lack of innovation, lack of preparation in front of adversities, lack of savvy decision-making at a point in time.
This story reflects in many ways two different business models, we would also say two different risk management approaches. The leaner team triumphed and the well-financed team failed. Sounds familiar in today’s world, i.e. startups and new ventures where oftentimes lean enterprises win.
An experienced coach mattered in those times and matters today. An experienced risk-coach offers immense support, helping avoiding blunders.
The Norwegians had a very clear success criteria for their mission: get to the South Pole and plant the Norwegian flag.
The British had a fuzzier focus: get there while gathering scientific data of various kind.
Success and failure criteria are of paramount importance when developing risk assessments which will support your decision making toward success. Lean enterprises win, especially if they are properly coached, mentored and can use subject matter experts.
We can learn a lot from these expeditions of the past. It’s again a matter of “old risks simply renamed” when we look at modern corporations, startups.
Contact us to learn how we could make it happen: lean enterprises win!