The Value of Failure

9 October 2008

“I make more mistakes than anyone I know. And eventually I patent them.”
-Thomas Edison

Harvard Business Publishing’s Discussion Leader Blog has a post about the value of learning from mistakes, which is an ongoing theme here at CR. (See here, here, and here.) The post is framed by current political discussion of choosing leaders, so for those of you who need a break, I’ve excised the good stuff and brought it here.

In choosing leaders “most people seek a litany of accomplishments that demonstrate sound judgment, and failure is considered radioactive.” This is a shame, as “the character and worldview of leaders are shaped not via their accomplishments but by their setbacks in the crucibles of challenge”.

Shifting gears slightly to look at “mistakes” in a business context, the post points to a Business Week cover story, saying that “breakthroughs depend on failure, and the best companies leverage their mistakes” and that “according to that article, ‘breakthrough innovation… requires well-honed organizations built for efficiency and speed to do that what feels unnatural: Explore. Experiment. Foul up, sometimes. Then repeat.’” (italics mine) This is a business principal known as “intelligent fast failure.”

So experimentation and honest mistakes should be expected and encouraged as many creative breakthroughs are happy accidents. Are we encouraging creativity and innovation in our workplaces through experimentation and fast failure? Or are we stifling creativity by quashing mistakes?

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