hypothesis : every system is flawed what varies is the degree to which it is faulty
proof : my strong belief in the hypothesis
after spending some time evaluating applications and conducting interviews i have been wondering what the ratio of drop and go errors would be in the ISB application evaluation process.
For the uninitiated
Drop error: a mistake made by a company in deciding to abandon a new product idea that, in hindsight, might have been successful if developed
Go error: a failure at any stage (but especially at the screening stage) in the new product development process when a decision is made to proceed with a product which, in hindsight, should have been abandoned.
I have also been wondering if I am an ISB student now only cos of a "Go Error" ;-)
cheers,
--Badri--
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3 comments:
Hi Badri,
Read you Drop and Go Error theory.
I wish I come under 'Go error' theory rather than being a genuine talented candidate, but abondoned :-)
I anyways will come to know this 20th,but for to be an ISBian, you need to be optimist and positive also,which I am at the moment.
Last,when find time,please get to read my blog also:
firestillwithin.blogspot.com
you see,prospective ISBians don't let any opportunity go to market their product :-)
Hope to see your comments there
-Ravi Agni(I am the one whom you wanted to kill yesterday in ISB campus..got it??..)
hey Ravi, ATB with your application thanks for visiting my blog.
A "Drop Error" occurs when a business errs in deciding to abandon a product idea that, in hindsight, may have been successful if developed. Too many drop errors indicate a conservative approach to product screening;
A "Go Error" occurs when a business fails to identify a poor product idea that has already moved into the development and commercialisation stages. Too many go errors indicate a young, ambitious yet inexperienced approach to product screening.
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