Too Much of a Good Thing
Product cost reduction is a good thing.
Too much focus on product cost reduction prevents product enhancements, blocks new customer value propositions, and stifles top-line growth.
Voice of the Customer (VOC) activities are good.
Because customers don’t know what’s possible, too much focus on VOC silences the Voice of the Technology (VOT), blocks new technologies, and prevents novel value propositions. Just because customers aren’t asking for it doesn’t mean they won’t love it when you offer it to them.
Standard work is highly effective and highly productive.
When your whole company is focused on standard work, novelty is squelched, new ideas are scuttled, and new customer value never sees the light of day.
Best practices are highly effective and highly productive.
When your whole company defaults to best practices, novel projects are deselected, risk is radically reduced (which is super risky), people are afraid to try new things and use their judgment, new products are just like the old ones (no sizzle), and top-line growth is gifted to your competitors.
Consensus-based decision-making reduces bad decisions.
In domains of high uncertainty, consensus-based decision-making reduces projects to the lowest common denominator, outlaws the use of judgment and intuition, slows things to a crawl, and makes your most creative people leave the company.
Contrary to Mae West’s maxim, too much of a good thing isn’t always wonderful.
Image credit — Krassy Can Do It