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Innovative Product Launch

Innovative Product Launch

Your company is working on an innovative product, which is expected to be ready for launch in next three months. You have already spent $10mn so far and another $2mn is required to complete this project.
A new development has taken place. Only yesterday, you have come to know that your competitor is ready to launch a similar innovative product by next month. This product is better, packed with good features and is also less expensive than your product.
You need to decide whether to continue with the project and release $2mn budget for this project. What will you do as CEO?
Photo Adaptation : pixabay / illustrations / tag-label-new-red-shop-sticker /1703954
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Deliberate practice improves our success in an interview

It is a deliberate effort. It requires one to break down the required skill into smaller chunks and practice systematically and repeatedly. Performance improves over time based on the number of times an activity is performed with timely and correct feedback. It is not just the number of hours of practice but quality matters. It is not mindless repetition but one needs to incorporate feedback to improve. Seeking feedback and reflecting on one’s performance to guide subsequent practice sessions improves the performance.

Deliberate practice based on small, achievable, specific steps for meaningful improvement. To gain mastery, you need to · - Start early - If you have decided to improve your interview skills performance, then it is important to start well before. It is not something which you can acquire a night before the interview schedule date. · - Set a specific goal – You choose your goal and stick to it. (Answering 50-100 questions, 2 mock interviews…) · - Discuss with colleagues and know the trends. Learn from job websites and figure out the type of questions asked. · - Think, write your responses for the most common job questions. Don’t avoid this step. Writing is preparation and practice. No one can learn football by reading football articles. · - Improve your responses based on feedback from your friend and senior · - Stay committed to your goal and stay positive

Consistent, systematic practice will see you through the interview. Take a challenge and attempt one question a day for the next few days. Think your story for each question and prepare your response. Seek feedback and build into your response.