Charles Wesley Griffith-Hall was the CEO of the largest financial institution in the world. One day he had gone to the bathroom, and while there, he met the VP of new products and started talking about what innovative ideas were on the horizon. While they were at it, the janitor of who was cleaning the bathroom, overheard them and said, “Sir, why don’t we buy coupon bonds and sell the bonds and the coupons separately?” The VP of new products laughed at the janitor. “Are you crazy?”
But Griffith-Hall said, “He may have something here. Let’s look into it.”
Thus was born the strip bond.
The challenge: What Agile lesson can we get from here?
Clue: ā́ no bhadrā́ḥ krátavo yantu viśvátaḥ
Is your organisation welcoming of new ideas and inputs coming from not only the customer but the whole field? Certain inputs can come from lay people who are not even associated with the environment in which your platform functions.
For example, if you are building a software platform, inputs can come from the Association for the Blind, to improve the accessibility of the platform.
Customer outcome or value is ‘required outputs plus the right experience’. Even if you have many accessibility features in our platform, you have to have formal mechanisms for getting ongoing inputs from the environment so that end-user experience can be improved.
The smartphone is an example of how responding to vague inputs for improving the user experience makes a revolution possible.
Note that, when we say inputs from all sides, it does not mean that every developer gets random inputs from someone and implements this as a feature. All inputs need to be channelled through the Product Management group and the Product Owner, and they need to vet these inputs and make sure that these inputs are not contradictory, but are consistent with the overall goals of the product, are practical, are relevant to your customer needs, and are compatible with your platforms.
Organisations can become complacent with what they have, especially if they see continuous success, and growing revenues and profits. History is replete with the debris of organisations that had become complacent and were not open to inputs from outside. Opportunities are missed by organisations not catering to the end-user experience. Sometimes, not listening to inputs from the field can be downright dangerous.
Good Agile leaders, transformational leaders, will be open to, and will indeed be watching for, such ideas. Alan Mullaly of Ford and Ray Dalio, the famous fund manager, are some of the great leaders who sought inputs from everyone.
Do you know that in ancient India, in any meeting, the youngest and the lowest ranking members were asked to speak first? This is so that the they were not constrained in giving their opinions and ideas, lest their ideas should contradict those of their seniors.
The philosophy of your organisation, with apologies to the Vedic bards, should be: ā́ no bhadrā́ḥ krátavo yantu viśvátaḥ ‘Let noble thoughts come to us from all sides’
There was once a king of a small kingdom. The kingdom had lived in peace for a long time. The king had made peace treaties with all the neighbouring kings and so, he was sure no one will attack him.
One day, a villager from a village along the kingdom’s border came running to him. He was tired, since he had travelled for a few days on a mule to get to the capital. He rushed into the king’s court and told him, “Your Majesty, I overheard some soldiers from the neighbouring kingdom talking. They were telling each other that they can expect their king to attack our kingdom soon. They were looking forward to the looting and the raping. You should immediately prepare to defend our country.”
The king reacted angrily. ‘Who are you to advise me? I have made a peace treaty with their king. He will not attack me. I will decide when to defend our country.’
He then called his minister and said, ‘Take stock of the situation and report back to me in one month. I can then take a decision.’
The villager heard this and said, “But, Your Majesty, by then the enemy will attack!”
The villager’s concern was of no avail and the minister went away to take stock.
Three days later, the king received news that the enemy had indeed attacked them, and were looting and raping their way to the capital. Unfortunately, the king did not have his army ready, and so, the capital was overrun and the king, killed.