Creative Reaction

In a short, worthwhile article, Fast Company explains how nearly-bankrupt Puma retooled itself.

Instead of waging an uphill battle against Reebok, Nike, and Adidas, Puma flipped it’s priorities, emphasizing style over performance to become the fourth-largest athletic apparel company in the world.

After some drastic business changes to become more efficient, the CEO of Puma did something unbusinesslike - putting an “unrestrained 21-year-old skateboarder named Antonio Bertone in charge of a new division called “sport lifestyle” to incubate experimental fashion projects”. There were plenty of skeptics, yet the risk paid big dividends, ultimately saving the company.

The risk of failure is small compared to the risk of irrelevency. How are we encouraging our staff and co-workers to take chances and risk “failing”. Do we encourage them for making a best effort? We should - we learn far more from our failures than our successes.