July 20, 2006

How Failure Breeds Success

Filed under: Podcasting,Start-up First Aid — Administrator @ 10:47 am

Businessweek’s July 10, 2006, cover story “How Failure Breeds Success” by Jena McGregor is a must read for anyone striving for excellence in business – entrepreneurs and corporate soldiers alike.

There is a real nice quote by Scott Anthony, managing director at consulting firm Innosight where he discusses encouraging intelligent failures:

”Figuring out how to master this process of failing fast and failing cheap and fumbling toward success is probably the most important thing companies have to get good at.”

Anthony goes on to explain that “getting good” at failure doesn’t meaning creating anarchy out of organization but rather it means leaders need to create an environment safe for taking risks, and then reflect on those mistakes.

You can listen to McGregor provide some behind the story nuggets by listening to her podcast.

You might also want to listen to “Innovation Champions” a podcast with Michele Conlin where she talks about the new breed of managers and their radical cultures.

And, while you’re at it why not checkout how RSS champion, Feedburner, encourages innovation – Hackathon.

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