Loud Thinking April 17, 2013 at 03:44PM
April 17th, 2013 | 
Author: Aim for Smart Failure
If you want to encourage people to take healthy risks, you need to make sure they’re not afraid to fail. The first step in doing that is defining what a smart failure — a thoughtful and well-planned project that for some reason didn’t work — looks like. Chances are that everyone in your organization knows what success is. Far fewer know what a smart failure is. Specify what guidelines, approaches, or processes characterize smart risk taking. Provide clear examples of both smart failures and dumb failures and discuss why they’re different. Point out what the smart ones have in common, so people know how to structure their experiments. If you don’t define it, all failure looks risky and that kind of mindset will kill creativity.
Today’s Management Tip was adapted from “To Increase Innovation, Take the Sting Out of Failure” by Doug Sundheim.
One Response to “Loud Thinking April 17, 2013 at 03:44PM”
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Wonderful and powerful words brother.. I shall practice some of it in the evening while I play the second leg of my Bridge team match..
One has to be brave to take risks.. to take risk and to try to come close to success is what is a smart failure.. on a given day a risk may actually pep one up to put all resources to the task and maybe if one’s stars are favourable the risks may convert into gains..
Good day to you and your family and countrymen
Abhaya