Sharing ideas that do good

Does your company have an Experimentation Budget?

post-image

Any company that has R&D Labs where they develop new products has the time and space to experiment. And it's done in tech the world over. So why doesn't it happen in mainstream companies? Preeti Bajaj makes an excellent suggestion that companies should have an "Experimentation Budget". Invest a little, build an alpha and get it into users hands as quickly as possible and if it takes off, invest some more. If it doesn't, you haven't lost a lot of time or money. And to work out what ideas need solving, try listing them on @IdeasSpies for reaction. 

https://www.afr.com/work-and-careers/leaders/companies-need-an-experimental-budget-to-get-tech-savvy-20210225-p575ro

What do you think?

You must be logged in to post a comment.
Comments
Generic placeholder image

By Maria MacNamara

1 March 2021

 
10 Like


Related Posts

Startup

post-image

Accelerating R&D in NSW
16 April 2021 by Madeline Cunn... 0 Comments
 
4 Like

Startup

post-image

TRANSFORMATION | How Luxembourg uses PPPs as part of its economic transformation toolkit
16 April 2021 by Maria MacNama... 0 Comments
 
1 Like

Startup

post-image

RePlated Ending Single Use Takeaway Containers
15 April 2021 by Bradley Delam... 0 Comments
 
2 Like