The Gravity of Failure
There was an article in HBR some time again about The Energy of Constructive Failure. It promoted the beliefs that we are able to all study from failure, that failure offers us the prospect to develop. It is a good article with some nice examples. Test it out!I agree with these classes. However there’s one other lesson that I did not suppose it absolutely explored. We should additionally keep away from the Gravity of failure. All of us speak about studying one thing optimistic, however the fact is – the traditional human response to failure, particularly when it is painful, is to step again, keep away from the ache and check out a distinct method. If we strive in any respect. The problem with that’s that as quick as our world modifications – that failure might change into an enormous alternative for achievement in a short while interval – if we’re paying consideration and able to strive once more.
So what can we do when the lesson we study from failure is to not strive once more? That is not a lesson we wish to take ahead in our companies, or our lives. For instance, as an example my enterprise is shifting into a brand new market. We begin to promote, solely to search out we actually cannot win. We do not have the particular capabilities that we have to compete, nor the quantity to cost at aggressive ranges.So I study that I am unable to win in that market. That could be a actuality. At a time limit. However possibly not without end.On this case, maybe I am unable to win as a result of I am not correctly ready, my product does not’ have all of the options, my manufacturing line wants streamlining? Did my enterprise certainly fail in that market, or did it fail due to poor planning and preparation (or probably rushed market entry) on my half?Let’s take it one other step. What if within the subsequent six months that market goes to wish a characteristic I DO have right this moment – and I am the one recreation on the town? Higher but, what if that characteristic is value some huge cash to consumers in that market?
If I took the lesson of failure to imply I am unable to compete, then when the brand new alternative comes alongside, I will not be there to make the most of it. Why? As a result of the lesson of “I can’t compete in that space” turns into the established order Gravity that retains me from with the ability to see and tackle the brand new alternative.We will and may study from failures. We simply should be considerate in regards to the classes we stock ahead.