How to Kill An Underperforming Project
Professor Andrew Corbett: “Most of us know that new product development and the creation of internal new ventures can have a huge impact on both growth and profitability. As a result, to proceed with or terminate new initiatives is one of the most important but difficult decisions leaders must make when growing their firms. Most often, it is a temporal issue. Initiatives might be ended too quickly, resulting in unrealized potential, or might be held on for far too long, resulting in prolonged commitment to a losing course of action. Whatever the case, failed new ventures can constrain a company’s resources for decades and cost hundreds of millions of dollars.” Read more at Babson Insight.