Every failure is lot of learning and learning is key for the success. Question is can we not learn without the failure, may be. But failure is not bad if you don’t stop there.
You have seen this subject already in many articles on this I do not want to talk about it but I would like to talk about building a culture in the organization to encourage people to take risks without fear of failure which result in loosing your job . Leadership in the organization should be able bring the innovation to accelerate the growth.
If there is a fear about the losing the job due to failure, they will be scared to execute a change. Instead, they try to stick to safest route to save their own ass. It is the dangerous thing to happen to an organization because that organization will die due to the lack of innovation. We have read about the companies like Kodak, Blackberry, Nokia etc. those who forgot/late to make much needed changes.
Let’s try it out. We are happy to bleed if it is not perfect today, but we always learn from that and make it right. The early we succeed, it is better because we get the advantage of being first in the market. Example is AWS in the public cloud how they took the advantage and caught up the market share, and they are still dominating that market share.
It is better to bleed than entering very late by waiting for long and Rest In Peace later.
What is key here is, cultivating fearless work culture in the organization and identify right set of leaders for such jobs. Also, important to have governance model to oversee to ensure that everything is moving in the right direction and proper guidance is provided.
Let’s break fear for failure, and cultivate the fearless culture to groom stronger, bold and brave team to innovate and grow faster. Risks are sometime worth taking and learn to celebrate the failures..