Reframing Failure To Innovate Again – #entrepreneurs

Gary hamel on failure, leadership development, workplace engagement, leadership training ideas, corporate leadership training, leadership classes, leadership development courses

Former Disney President Michael Eisner said this concerning innovation and failure, “There’s no good idea that cannot be improved on.” Whether failure is met as an impediment or an opportunity is a matter of choice not destiny. Failure is the propellant of all success. In fact, everything before us is the result of numerous failures combined with courage.

Dorrie Clark in HBR writes of the lessons one can learn from life’s certainty: failure.

Recognize that innovation requires failure. In a world where competitive advantage is increasingly short-lived, as Columbia Business School professor Rita Gunther McGrath has described, successful companies have to bake innovation into their standard processes. But innovation of any sort entails risk and trying new things — and that mandates failure.  A 100% success rate implies you’re not doing anything new at all. The goal, says Eric Ries of The Lean Startup fame, is to create a minimum viable product that you’ll fully expect to iterate over time. In some ways, it’s a reframing: it’s not so much that you’re creating something (such as a product or service) that failed; it’s that you’re steadily improving a series of drafts.[…]

via Harvard Business Review..

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Jim Woods is president of The Jim Woods Group. A management consulting firm. Go here to see his work www.jimwoodsgroup.com. He advises and speaks to organizations large and small on how to increase top line growth in times of uncertainty and complexity. Some of his speaking and consulting clients include: U.S. Army, MITRE Corporation, Pitney Bowes, Whirlpool, and 3M. See more at his website www.jimwoodsgroup.com.

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