Risk, creativity, and innovation often end in failure. How we treat failure impacts the sought-after recipe for new successes. One company in this Wall Street Journal article is awarding a quarterly "heroic failure" trophy to employees whose idea failed but whose creativity they value and want to encourage.
Other examples in the article support industry's efforts to cultivate risk-taking while encouraging trust, communication, and criticism. "Mistakes are OK - hiding them is not."
Postscipt: Newsweek has been running a last-page feature titled "My Favorite Mistake." Famous-types tell a failure anecdote and how they learned from it.
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