Developing and keeping millennial employees will be the only way to succeed in the post-boomer economy. The math is simple. It can take up to two years for a new employee to become fully productive. Millennial employees change jobs about every 2.5 years. That means each role will be filled with a fully productive person 36 months every decade. Building a culture of learning can help keep the millennial shark in your pool.
I am a HUGE proponent of the fail fast mentality. Try something new. If it doesn’t work, cut your losses and move on. “Fail fast," however, it is not an excuse to just try anything. If I said, I’m going to try to jump off the Sears Tower and walk away, everyone would say I was crazy. Common sense, the number of people who have died falling from lower heights, and the laws of physics all say that is not a good idea. The same goes for business.
There are situations where a process change can improve KPIs but hurt the organization. As operations professionals, it is our responsibility to take business strategy into consideration when improving a process. An “improvement” that saves $1,000/month but weakens business is not a real improvement.