Do you think the idea matters more or execution of it?
Kate Jonas
4 replies
Replies
Fabian Maume@fabian_maume
Idea matters for the strategy & execution matters for the tactics.
You need an idea which make sense strategically:
- addressable market is big enough
- you have a differentiator against your competitors
- your revenue will be higher than marginal cost
Without this, you can have the best execution in the world, it will go to waste.
If you idea check the points I mentioned above, then execution is what will matter.
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The common answer is execution, but after having "executed" for quite a while, I think it's not so easy to answer.
If I take a step back, I'd say the most important is actually the market you're in. If it's a market that doesn't have much money or care for new products, then you're doomed. Better find a good market for your idea, and then execute well 🎩
@dagorenouf couldn't agree more! As I like to say, what matters the most is the problem that product is solving.
In my experience,
Good Idea + Good Execution = High chances of success
Good Idea + Bad Execution = Low chances of success
Bad Idea + Good Execution = High chances of success
Bad Idea + Bad Execution = very low chances of success
A good idea with bad execution will not work but A bad idea with a good execution can work.
Ex- A machine that smash your face - Bad Idea
But it helped in boxing training - Good execution
So agreed with @carolina_reis - "what matters the most is the problem that product is solving."