How to make better decisions in product development? - The Puzzle S02E02 [012]

23 February, 2024 2 min read
product development, decision-making, process

 

In this episode of The Puzzle, Isaak and Bruno tackle the question of how to make better decisions in product development endeavors.They deep-dive into the intricacies of decision-making, particularly in the context of innovation and entrepreneurship. They highlight the importance of taking a step back to observe the market, rather than rushing into action based on intuition or gut feelings. This approach allows for a more informed and data-driven decision-making process, which is especially crucial when dealing with uncertainty and ambiguity. Isaak emphasizes the need for teams to “scout ahead asynchronously” - in other words, to make decisions on every domain of the team, rather than focusing solely on one area. He also stresses the importance of balancing preparation and experimentation, as well as recognizing that learning combinatorially is a key aspect of innovation.

The conversation also touches on the need for teams to surface their decision-making processes explicitly, making them transparent and open to improvement. Additionally, Isaak warns against the dangers of not critically evaluating one’s own decisions, even if they have been successful in the past. By sharing these insights, this podcast episode aims to provide valuable lessons for executives, managers, and individual contributors alike, helping them make more informed, data-driven, and effective decisions that drive innovation and growth within their organizations.