"Bad companies are destroyed by crisis; good companies survive them; great companies are improved by them." - Andy Grove.
In "The Other "F" Word: How Smart Leaders, Teams, and Entrepreneurs Put Failure to Work" by John Danner and Mark Coopersmith, you get to see what the crises can be and how your company size will change your reaction to it, what you can learn from it and how you can remember that to learn from failure as an individual and team.
With Edison and WD-40, we have learnt how taking more risks, we increase our chance of success. But to keep on going ahead like King Bruce, we have to know that we are not going to build that web the first time, learn and improvise from each attempt.
The Failure Value Cycle is about how to mine gold from your crash and burns. With its 7 step process, you create an environment where you accept the ubiquity of failure in a venture, prepare for it, be on the lookout for it, respond, avert and get back on track.
The authors have referred to the latest security debacles of great companies. After each chapter, there is a summary of what are the keypoints. There are questionnaires about how failure is treated in our organisation. There is an encouragement to show off not just your laurels but your albatrosses too.
The best I like are the 3 Rules of learning - from others, by play and thinking and by doing, 'What has to be true' exercise.
You are your worst competitor
In "The Other "F" Word: How Smart Leaders, Teams, and Entrepreneurs Put Failure to Work" by John Danner and Mark Coopersmith, you get to see what the crises can be and how your company size will change your reaction to it, what you can learn from it and how you can remember that to learn from failure as an individual and team.
With Edison and WD-40, we have learnt how taking more risks, we increase our chance of success. But to keep on going ahead like King Bruce, we have to know that we are not going to build that web the first time, learn and improvise from each attempt.
The Failure Value Cycle is about how to mine gold from your crash and burns. With its 7 step process, you create an environment where you accept the ubiquity of failure in a venture, prepare for it, be on the lookout for it, respond, avert and get back on track.
The authors have referred to the latest security debacles of great companies. After each chapter, there is a summary of what are the keypoints. There are questionnaires about how failure is treated in our organisation. There is an encouragement to show off not just your laurels but your albatrosses too.
The best I like are the 3 Rules of learning - from others, by play and thinking and by doing, 'What has to be true' exercise.
You are your worst competitor
