I often talk with business leaders about the need to build in a tolerance for risk taking and potential failure if they want to drive growth and innovate. Frequently I get asked if there are specific areas where we should not tolerate failure? My standard response is that Accounting would be one of those areas where organizations should be very cautious with “innovation” and the potential for failure. This story from today’s headlines in another such area.
In business we often launch new initiatives without thinking through the “what if’s?” of the project failing. Instead we get to the end of the road and the initiative didn’t turn out as planned. Rather than chalking up one big failure at the end you can break the initiative up into pieces and evaluate each stage along the way.
With the dry weather this summer my backyard oak trees seem to have made a premature determination that fall has already arrived. How do I know this? By the amazing proliferation of acorns throughout my yard before August had even arrived. As fast as the acorns could fall the family of gray squirrels was scampering across my yard burying their new found bounty. Although food was abundant the squirrels were making the effort to bury these acorns for their future survival. While snow may come relatively early in Minnesota it wasn’t likely to start falling for at least three months but the squirrels weren’t waiting for even a moment to begin their work.
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