NEWS & INFORMATION

VISIT THIS PAGE REGULARLY FOR BEST PRACTICES, EVENTS AND NEWS.

Reward Smart Failures

If indecisiveness is a problem at your company (and your employees are getting enough sleep), help them get better at “pulling the trigger” by defining and rewarding smart failures–the thoughtful and well-planned projects that for some reason didn’t work.

Clearly define the acceptable boundaries within which to fail. Then when smart failures occur, reward them just as you do smart successes. This sends a powerful message about what sort of behavior is encouraged in your organization–fueling calculated risks and real innovation.

(Source: http://blogs.hbr.org/2013/01/to-increase-innovation-take-th/ ww/press/details.aspx?id=37373)