Leadership Tip of the week
adapted from HBR
Continuing to grow and innovate means taking risks, which naturally involves making mistakes.
But mistakes don’t mean a leader should discourage experimentation. Rather, leaders should encourage people to take time to understand why mistakes happened in order to minimise them in the future.
- Trace previous mistakes back to their roots to identify the causes and what can be done differently next time.
- Use role-playing exercises, debates, or even formal business war games to think through how a new strategy might play out differently.
- Try to look at things from a competitor’s point of view to factor in a new perspective.
Mistakes are inevitable and can be costly, so don’t waste them — learn from them.
Adapted from “Don’t Let Your Mistakes Go to Waste,” by Mark Chussil