How iteration really does transform fear of failure
“In an organization, one of the biggest hurdles in fostering a culture of innovation is the fear of failure …
Re-Frame Failure as Iterations
Re framing Failure as Iterations provides the employees the necessary cushion to explore slightly more riskier insights/ideas when going after innovation.
As with most of the challenges relating to culture, leaders should start talking and behaving in a way that not only tells the employees that it is OK to go after big challenges and fail now and then as long as they are able to admit failure, learn from the failure and do so quickly and cheaply, continue to pivot and address the challenge through pursuing different insight/ideas.
This simple re-framing also creates the culture of experimentation, iterations and pivots. This also reduces the overall cost of innovation, speeds up the innovation process and at the same time creates the possibility for breakthrough solutions coming through the process.”