Episode 2,048: Run Experiments
Increase Your Impact with Justin Su'a | A Podcast For Leaders
Justin Su'a
4.9 • 1.3K Ratings
🗓️ 15 November 2024
⏱️ 3 minutes
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Summary
In this episode, I talk about the importance of running experiments.
Transcript
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| 0:00.0 | Good morning and welcome to the Increase Reimpaq podcast. I'm Justin Sua, episode 2048. Today, this |
| 0:07.7 | excerpt comes to you from Rebecca Homekees. And she says this. The assumption is that companies get |
| 0:15.5 | ahead due to their constant celebration of making mistakes and failing. But praising mistakes is missing the |
| 0:22.2 | point. Companies get ahead by creating an environment of constant experimentation and learning. |
| 0:29.2 | Failure is not celebrated. The celebration is for resourcefully eliminating options that do not work. |
| 0:35.7 | The word experiment seems to bring much emotional baggage with it. |
| 0:39.4 | So let's start by defining it. An experiment is the testing of an assumption that, if correct, |
| 0:45.5 | could affect the growth or profitability of the company. Learning velocity is running as many |
| 0:52.0 | good experiments as quickly and cheaply as possible. |
| 0:56.3 | It is not about getting better at running better. |
| 0:58.6 | It is not about getting better at running better experiments. |
| 1:01.7 | It's about getting better at running more experiments that are well articulated, fast, and cheap, close quote. |
| 1:09.7 | Here's what I love about this. |
| 1:13.3 | There's a lot of words there. Maybe confusing. might have to go back and re listen to that but essentially the gist of it is run experiments |
| 1:20.7 | something I do all the time with coaches that I work with is we talk about running experiments. Experiment with working out |
| 1:30.2 | in the morning versus working out at night. Experiment with reading one page a day to get better. |
| 1:35.4 | Experiment with listening more than you talk. Experiment with having the people you're working |
| 1:41.9 | with answer their own problems and find solutions to |
| 1:44.9 | their own questions. Experiments are great because you're not tied to it. You're in a hypothesis. |
| 1:52.4 | You say, okay, doing this experiment, it may lead to this. And then you go do it. And it may |
| 1:58.6 | work and it may not work. And then we come back the week later or two weeks |
| 2:02.7 | later and say you know what it was amazing i'm going to keep doing it or you say you know what |
... |
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