Suresh Muthulingam
๐ค SpeakerAppearances Over Time
Podcast Appearances
It has to translate into action.
And in the absence of such a connection, learning from failure is very, very challenging.
So there could be exceptions, but on average, what we find from our data and from the analysis of around 2,100 movies over a couple of decades is, yes, on average, if you have team members who have primarily experienced failure, and if they come together, then more likely the current project will also not do well.
Yeah, so when the teams are like the same, right, like especially if you're talking about Seinfeld or most TV sitcoms, the people who are working, the creative team, the actors, the producers, everyone is the same from season to season.
So after the first season goes and maybe the ratings are not as good as they expected, they can reflect and they can possibly change things or tweak things around and iron out some of the
problems, and maybe that will lead to better ratings.
So that industry has an advantage in the sense that the teams are a little bit more stable than in movies.
Movies, maybe sometimes you have a set of people who repeat, but the entire team very rarely repeats.
So if you're on a short-term project, there should be, ideally, after the end of the project, there should be some means of sort of analyzing the project, trying to see what went right and what didn't go wrong.
So in the absence of such a mechanism, learning becomes very, very challenging.
And that's the problem you face in many short-term project situations, whether you're...
working on a construction industry, whether you're working on a consulting project, whether you're drilling an oil well.
So after you disband the team, if that review process is not there, learning is not going to happen.
It's quite challenging.
So if you can do a review, that is great.
Or more importantly, you can be a little bit more careful when you are actually putting together the team.
Just don't put together all people because you find them.
Try to look at their history, whether they have had successful projects before.
earlier and try to bring together people who have demonstrated success especially in such settings and more importantly we find that the person who puts together the team plays a critical role so this person like in the movie industry it is the executive producers and producers who put together the team so whoever is the person who is in charge of putting together the team if they are able to
If you select that person carefully, if that person has a history of success of doing things well, then most more likely they will put together a team that has a higher chance of executing the project with success.