So let me get this straight: when you and your biggest competitor are working on updates to the same product, the idea is to wait until they release and then try to beat it? Not only did Sony CEO Kazuo Hirai decide this would be the approach for his company’s pending release of the PS4, he announced it for all to hear!
Granted, I work on product development of smaller pieces in the grand scheme of the technology industry. After the longevity the Play Station has demonstrated in the gaming industry, it’s hard to look at what you are doing in terms of a minimum viable product (I dare you to find a product manager who doesn’t know what MVP stands for). I still find it hard to believe that this is in any way a smart decision in terms of product development.
I can only imagine that blogs and tech journalists are going to lambaste Hirai for publicly admitting this, as will some rationalize the statement. Regardless, this is a statement made from a position of weakness instead of power.
So many people aren’t willing to stick their necks out there when it comes to big decision making. Smaller, safer decisions don’t get you fired by themselves. As a result, we go with the safer call. It happens if you are building a product, a company, even a professional sports team.
Don’t let yourself make decisions from a place of weakness. Do your homework, inform your decisions, then put it out there.