Google Glass has had its investment cut back resulting in a management reshuffle, but the failure is likely to be celebrated.
The high-tech eyewear that shares many of the functions of a smartphone has been discontinued as of 19 January 2015.
Patrick Pichette, Chief Financial Officer, Google, says: “Our projects start with small dedicated teams that are given clear milestones to hit before they can get further investments. And in cases where we achieve success against our milestones, we expand our investments.
“In other cases, when the teams aren’t able to clear hurdles, but we think there are still a lot of promise, we might ask them to take a pause and take the time to reset their strategies, as we recently did in the case of Glass.”
This is an indicator of Google’s company culture. Staff are constantly encouraged to be creative and lead new projects according to Aimee O’Malley, who heads up Google’s People Development in EMEA. Speaking to HR Grapevine recently she said: “We don’t want to be the bottlenecks, we want to be the catalysts.”
Upgrade to access
This content is only available to members of myGrapevine+.
myGrapevine+ is the latest way we are supporting a growing community of forward-thinking business leaders. Members can access a host of specially developed content and tools that aren't available anywhere else, helping you set new standards in business and people leadership every day.
- Access to exclusive member-only content including:
- The 'Leaders Series', a set of video interviews with leading business and HR voices
- Strategic deep dives and expert tips for professional development and innovative practise
- Access to the entire archive of news, features and insights from HR Grapevine and our other sites.
- Unlimited access to the full back catalogue of our award-winning Magazine and other publications.
