graphic for The 2019 Index of Intelligent Technology in HR Tech

 

Failure is Still Underrated

On July 5, 2018, in HRExaminer, by John Sumser

2018-07-05-hrexaminer-photo-img-public-domain-1954-walt-disney-portrait-544x408px.jpg

Success is the single greatest predictor of failure. Meanwhile, forward progress depends on experimentation which understandably has a large failure rate. photo: Walt Disney, 1954 Public Domain.

Failure is the foundation of successsuccess is the lurking place of failure.” Lao Tzu

What Lao Tzu meant is that success creates a set of blinders that make you extremely vulnerable. Success is the single greatest predictor of failure. Meanwhile, forward progress depends on experimentation which understandably has a large failure rate.

Examples are everywhere. Laugh-o-Gram Studios went bankrupt due to Walt Disney’s lack of ability to run a successful business and he was fired from a newspaper in Missouri because he was not creative enough.

There’s a big pile of technology that we are trying to absorb under the rubric of ‘Artificial Intelligence.’ Many of the current efforts will look laughable in the not-too-distant-future. Trying them and discarding them is the only way to make forward progress.

Failure is still vastly underrated. The fair haired children and ivy league managers want to run and hide from it. But, failure is the essence of life. Great athletes are the ones who only fail 70% of the time. Great sales people are the ones who only fail 85% of the time. Failing is how you get to success. It’s the people who refuse to fail who are really dangerous.

 

graphic for The 2019 Index of Intelligent Technology in HR


 
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