12. Well the keyword is myopically but thats not the end of it. Story here is that I've seen and been in a lot of organizations that focus so much energy on trying to get the "process right" at the expense of doing what it takes to actually get the outcome. The process done right can produce an _output_ but that might not still be enough to get the outcome. For example, I've been seen large product development organizations spend inordinate amount of time planning roadmaps with fine grained detail and estimates that get obviated with changing customer needs. There was a ton of time sunk into the process of planning. Multiple rounds of review and sign-off. Business cases were ostensibly solid. But in the counterfactual approximately half of the time spent in planning gestation could have been spent in development allowing for more flexibility in getting to the right outcomes.
36. In my view we don't appreciate this dichotomy well enough, especially in tech. Riding a wave by being in a perfect environment at the right time is _a_ definition of luck. Often this gets conflated with skill but over longer time periods (i.e. the grind) it becomes easier to tease out. For example, someone who is a repeat startup founder with exits over the last 15 years is probably pretty skilled. Someone who has high career winnings in a high variance game like no limit hold 'em is probably pretty skilled.
Two points I'd really like clarity on.. 12 and 36. 12 contradicts my belief and 36. I'd really like to get better insight
12. Well the keyword is myopically but thats not the end of it. Story here is that I've seen and been in a lot of organizations that focus so much energy on trying to get the "process right" at the expense of doing what it takes to actually get the outcome. The process done right can produce an _output_ but that might not still be enough to get the outcome. For example, I've been seen large product development organizations spend inordinate amount of time planning roadmaps with fine grained detail and estimates that get obviated with changing customer needs. There was a ton of time sunk into the process of planning. Multiple rounds of review and sign-off. Business cases were ostensibly solid. But in the counterfactual approximately half of the time spent in planning gestation could have been spent in development allowing for more flexibility in getting to the right outcomes.
36. In my view we don't appreciate this dichotomy well enough, especially in tech. Riding a wave by being in a perfect environment at the right time is _a_ definition of luck. Often this gets conflated with skill but over longer time periods (i.e. the grind) it becomes easier to tease out. For example, someone who is a repeat startup founder with exits over the last 15 years is probably pretty skilled. Someone who has high career winnings in a high variance game like no limit hold 'em is probably pretty skilled.