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Liberate Employees from
the Fear of Trying New Things
Guiding Principles |
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Innovation Practice
Tips
By:
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29 Obstacles To Innovation |
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Failure as a Primary
Vehicle for Success
Freedom to fail
means a freedom to explore, venture,
experiment
and succeed in uncharted territory.
Failure
provides a great learning
opportunity and should be viewed as a very lifeblood of success. "If you
give people freedom to
innovate, the freedom to experiment,
the freedom to succeed, then you must also give them the freedom to fail.
According to Deepak Seethi of AT&T, the organization of tomorrow will demand
mistakes and failures. It is only by trying lots of initiatives that we can
improve our chances that one of them will be a star."2
Failure as a Stepping Stone To Success
Noble Failure vs. Stupid
Failure
Charles Schwab
is a world's leading financial services firm.
The company
revolutionized the way stocks are bought and sold.
David Pottruck, a former CEO of Charles Schwab, says: "The idea that
failure is okay is ridiculous. I am not going to go around the company and
reward someone for failing. But here at Schwab we differentiate between
noble failure and stupid
failure."
The more you fail, the more you succeed. You
learn from taking action, from your mistakes, from feedback, from getting
going.
As Alfred P. Sloan, the man who made General
Motors
the largest and most successful and profitable industrial
enterprise in the world, puts it: "Life
itself is a process of trial and error... And those people who make no
mistakes are those who make nothing."
All you do by not letting your people fail is
postpone the growth of your business. Why? Because:
"Success comes from good judgment
Good judgment comes from experience
And experience, often, comes from bad judgment!"
– Tony Robbins
How To Prevent Innovation
(Humorous
Tips)
More
Inspiring Corporate Culture: 5 Elements
Inspirational Business Plan:
Successful Innovation
Brief History:
"I
have not failed 700 times. I have not failed
once. I have succeeded in proving those 700
ways will not work. When I have eliminated
the ways that will not work, I will find the
way that will work."
–
Thomas Edison...
More
Balanced Organization:
5 Basic Elements
Empowered Employees
(Metal):
Innovation-friendly Organization
Case in Point
Silicon
Valley
What makes
Silicon Valley so successful as the engine of high-tech growth is the
Darwinian process of failure.
Commentator and author Mike Malone puts it like this, 'Outsiders
think of Silicon Valley as a success, but it is, in truth, a graveyard.
Failure is Silicon Valley's greatest strength. Every failed product or
enterprise is a lesson stored in the collective memory. We don't stigmatize
failure, we admire it. Venture Capitalists like to see a little failure in
the résumés of entrepreneurs.'2
3 Strategies of Market Leaders
Case in Point
Wall-Mart
In his
10 Rules for Building a Successful Business, Sam Walton, the Founder of
Wall-Mart writes:
"Find some humor in
your failures. Don't take yourself so seriously. Loosen up, and everybody
around you will loosen up. Have fun. Show enthusiasm
–
always. When all else fails, put on a costume and sing a silly song. Then
make everybody else sing with you.
Don't do a hula on Wall Street. It's been done. Think up your own stunt. All
of this is more important, and more fun, than you think, and it really fools
competition. "Why should we take those cornballs at Wal-Mart seriously?"...
More
Case in Point
Google
Sheryl Sandberg, a vice president in charge of the company's automated
advertising system committed an error that cost Google several million dollars.
When she realized the magnitude of her mistake, she went to inform Larry Page,
Google's co-founder and unofficial thought leader. "God, I feel really bad about
this,"
Sandberg told Page, who accepted her apology. But as she turned to leave, Page
said, "I'm so glad you made this mistake, because I want to run a company where
we are moving too quickly and doing too much, not being too cautious and doing
too little. If we don't have any of these mistakes, we're just not taking enough
risk." ...
More
Inspiring
Culture: 5 Elements
Creating a
Culture for
Innovation
By: Soren Kaplan
Once existing informal communications are
understood, it becomes possible to identify opportunities for
reinforcing positive messages and overcoming those that impede
innovation.
This includes creating new stories, symbols
and rituals that establish a fresh dialog and that promote values, norms
and assumptions more consistent with a culture of innovation. For
example, one company interested in addressing a serious deficiency in
risk taking established a “Golden Turkey Award” that was given
quarterly, with a light-hearted yet serious spirit, to the individual or
team with the greatest “innovation failure.” Given publicly by the CEO,
the award became a symbol of the importance of accepting and proactively
learning from failure as an essential element of the
innovation process...
More
Principles for Driving Growth Through Innovation...
Diverse
Routes to Innovation...
Leading Innovation...
Five Steps to Powerful Team
Building...
The Power of
Taking a Different View...
Entrepreneurial Action - the Engine of Innovation...
Case in Point
Coca-Cola...
Case in Point
Dell Computer Corporation...
Case in Point
Charles Schwab...
Case in Point
"Golden
Turkey" Award...
Case in Point
Innovarsity...
Case in Point
VVV1...
Case in Point
Fun4Biz...
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