My article titled To Succeed in Business, Act Like a Child got published on The Washington Post – On Small Business Blog today. In the article I describe how if we want to encourage innovation in business we should follow the examples set by our children with their creativity, ambition, and fearlessness. As we get older we lose our tolerance for risk-taking and failure. We become conditioned to mitigate risks to preserve our wealth and egos. But there are ways that business leaders can promote risk-taking and failure: 1) intentionally hiring risk-takers, 2) creating policies that retain innovators, 3) purposely addressing risk-taking and failure, and 4) demonstrating transparency.
Everyone credits Steve Jobs for the success of Apple but where would Apple be without their “failed” former CEO John Sculley who had to oust Steve Jobs from the company he founded? Not to say that their contributions were both equal but they were both instrumental in shaping Apple for its incredible success. It is well understood that organizations need different types of leaders at different times. Sometimes organizations need a good failure to create the drive that will propel them toward success. And sometimes leaders find their passion within the boiling animosity of working relationships. All of these situations were found with the Steve Jobs vs. John Sculley saga at Apple. So how can we learn from them?
A couple of days ago I heard about another amazing example of a “child” showing us their own power of creativity to drive innovation and I thought about a recent experience playing a game with my son . A child’s ability to create a hypothesis, test, and verify process is no less than an adults and it may be improved since they are not bridled by the fear of failure. This year we have seen a couple of the most astonishing medical inventions come from work of teenagers! How do we continue to create an environment where they are able to discover, explore, and create? If their current pace of innovation continues maybe we will need to start referring to them as the MD-Generation?
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