“Do and learn,” advises Marc Pritchard, global marketing and
brand building officer of Procter & Gamble, in a recent speech. “We have to
try new things, be accepting that some things won’t work and learn why.”
This is far from the risk-averse P&G that I knew. They used
to talk endlessly, and only reluctantly made decisions to act. Pritchard
recognised this in his address: “We are trying to make this shift ourselves at
P&G,” he said, “and it’s not always easy.”
But the validity and power of this approach is amply
confirmed by the experience of many of the most successful businesses in
Silicon Valley – Facebook, Google, LinkedIn, Disney and others.
In an article in the current issue of Market Leader magazine,
Marc Nohr reports that it’s a constant refrain in their corridors – “test,
test, test”, “launch and learn”, “always in beta”.
Market research is nearly always a poor substitute for real
life experience – especially in the case of breakthrough innovation.
It’s something that those big old corporations need to
learn. And soon if they are to survive.


