3 Characteristics of Successful Failures
For innovation leaders, it is vital to learn how to turn failures into successes. Innovation is all about seeing opportunities others don\u2019t see and seizing them. Successful failures lead to successful innovations.
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\nThe Importance of Failure
\nThe experimentation phase is within the innovation process, often full of failures. These failures are not always negative. When things don\u2019t go as planned, failures allow us to see what needs change. Successful innovations require risk and a capacity for productive failures, which reveal something new about the problem you are trying to solve. To experience productive failure, you have to fail successfully. Three characteristics help you figure out if your failures are successful.
\nThree Characteristics of Successful Failures
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\n* Effort: Innovators must have a strong sense of commitment even when others give up hope. Ask yourself this question, \u201cdid you put your 100% best effort into a project\u201d?. If so, you are one step closer to a productive failure.
\n* Perspective: Reflect on what happened during each failure, learn from it, and apply what you learned to future innovations. Ask yourself, \u201cwhat does the experience teach you about what works and what doesn\u2019t\u201d?
\n* Inspiration: Failure from experiments might lead to lessons about the nature of the problem, inspiring better solutions. They can also teach us something about how we think. Through failures, you can learn how to solve problems better. Ask this question, \u201cDoes this new understanding inspire a new understanding that wasn\u2019t there before?\u201d
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\nTo know more about these characteristics, listen to this week's show: 3 Characteristics of Successful Failures.