Innovation and learning with effective failures

One of the most dangerous myths about entrepreneurship is that we must be a risk officer for success. Speculators, traders and business-making entrepreneurs can thrive on the risks and rush of "making bids." But entrepreneurs building long-term businesses are not risky gamers. Successful entrepreneurs and entrepreneurs are looking forward to developing new products, services, management systems, human resources, markets and companies that will give them a major competitive edge.

But they refuse to bet their company on several big projects. Managers who take this approach are either innovative ignorant (they do not understand basics of good innovation) or irresponsible. The commercial church park is full of managers who invested heavily in "sure fire" innovations flooding.

Opportunities for innovation leaders always look bigger than coming. Innovation leaders use the average of new attempts, pilots, tests, tests, and the like at very early stages to cut out the sophisticated innovations they will always direct in their general management tasks. They cheat. With the time that innovation is ready for full investment, all the rich learning that has been surveyed draws significantly and attempts to significantly reduce risk (and some development work is already under way).

Successful experiment means that we need to kiss a lot of frogs to find the prince. As we do, we learn. So we could begin to recognize royal behavior or see signs of the head after left with small crowns. It can help reduce the number of frogs we need to kiss, but we still have to keep looking.

Professor David Garvin's Office writes in his article "Building a Learning Foundation": "Attempts include systematic search and testing of new knowledge … Research on more than 150 new products came to the conclusion that & # 39. The knowledge that Getting mistakes is often important to succeed. "The simplest is the failure of a perfect teacher."

When asked why he was not successful with his unprecedented Thomas Edison replied, "Results: Why, man, I got a lot of results. I know a few thousand things that will not work. "

Charles Kettering was one of the greatest inventors in the early 20th century. He joined the NCR in 1909 and founded the Dayton Engineering Laboratories Company (Delco) in 1909 which he discovered the electric star and other automated electrical equipment and systems.

Kettering once said: "The inventor is simply the one who does not take his education too seriously. If he fails once he is out. But the inventor is almost always a flaw. Is teaching a new hired employee how to fail. We have to train him to try again and again and keep trying and fail until he learns what will work. "

SOURCE SBOBET

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