"I in no way mean to say that failure, per se, is good. It is so painful and frightening. I’ve been through it a lot. Rita Gunther McGrath sums this up neatly in an essay called Failing by Design in the previously mentioned HBR issue. She says, “[Failure] can waste money, destroy morale, infuriate customers, damage reputations, harm careers, and sometimes lead to tragedy. But failure is inevitable in uncertain environments, and, if managed well, it can be a very useful thing. Indeed, organizations can’t possibly undertake the risks necessary for innovation and growth if they're not comfortable with the idea of failing.”
To read the entire post, click here.
- Posted: Thursday, May 12, 2011
- Trackback
Page 1 of 1 pages
Next entry: The Booth Company cites Discovery-Driven Growth Previous entry: Back to the Boneyard
Find a list of previous Case Studies here in PDF format.
recent entries
- Social Media in the experimental business model stage
- Will Facebook’s IPO re-ignite growth in Silicon Valley?
- Why just being young is not a reason to doubt Facebook
- Why advertisements need to get a whole lot better before they will support social media
- Bing, Social Search and the beginning of the App Economy
