Innovation Process

Freedom To Fail

Fail Forward

 

Noble Failure

Occurred regardless all efforts to anticipate and avoid it Learned from

Vadim Kotelnikov

Vadim Kotelnikov, founder of 1000ventures - personal logo Vadim Kotelnikov

   

 

Vadim Kotelnikov advice quotes

Failure is a friend of homo thinking and an enemy of a homo emotional.

Vadim Kotelnikov

Vadim Kotelnikov, founder of 1000ventures - personal logo    Business e-Coach    Innompic Games icon

 

 

Noble Failure as a Primary Vehicle for Success

Noble failure provides a great learning opportunity and should be viewed as a very lifeblood of success. In innovation and change efforts, it is only by trying lots of initiatives that you can improve your chances that one of them will be a real breakthrough.

Intelligent failure provides a great learning opportunity and leads to success. It is through seeming failures and turning failures to opportunities that most of greatest successes are achieved. It is by trying lots of disruptive initiatives that you can improve your chances that one of them will be a star.

 

Vadim Kotelnikov advice quotes

In radical innovation, every step forward is a step into terra incognita where opportunities are guides and failures are teachers.

Vadim Kotelnikov

Vadim Kotelnikov, founder of 1000ventures - personal logo    Business e-Coach    Innompic Games icon

 

 

Differentiate Between a NOBLE Failure and a STUPID Failure

Charles Schwab pioneered seamless stock trading on Internet in 1996 and grew from a small firm to the World's leader.

David Pottruck, a  legendary leader of Charles Schwab, says: "The idea that failure is okay is ridiculous. I am not going to go around the company and reward someone for failing. But here at Schwab we differentiate between noble failure and stupid failure."

 

 

 

Criteria for Defining a NOBLE Failure

Charles Schwab has a set of criteria for defining noble failure. Noble failure occurs when:

you have a good plan and know what you're doing, you've thought everything through carefully, and have implemented with sufficient management discipline, that if you look back in review, you'd conclude it was thoughtfully done

you have a reasonable contingency plan to deal with any initial failure and the contingency plan must have been implemented

you need to debrief yourself and ask what you can learn from the experience that will lead your company to be smarter next time.

Charles Schwab journals their failures and lessons they've learned. They maintain also a display of failed innovations and created a videotape for employee orientation. When celebration of noble failure becomes institutionalized, people within the organization are more willing to treat failures as a stepping stone to success, reassess earlier decisions and take corrective measures or even turn failures to opportunities.

 

 

 

Freedom To Fail Forward

Innovators, intrapreneurs  and change leaders must have freedom to experiment and, naturally, freedom to fail because experimentation is about moving into an unknown territory. Freedom to fail forward means a freedom to explore, venture, experiment and succeed in uncharted territory... More

 

 

  

 

 

 

Innompic Games

United Innovators

Vadim Kotelnikov, Founder

 

Vadim Kotelnikov advice quotes

Don't talk about problems, talk about opportunities.

Vadim Kotelnikov, founder of 1000ventures - personal logo Vadim Kotelnikov

Founder

Ksenya Kotelnikova

Fail slower to learn more.

 Ksenya Kotelnikova

Денис Котельников Инномпийские игры Dennis Kotelnikov Innompic Games

I don't learn from failures because I want to make my fate laugh.

Dennis Kotelnikov

Carolline Ballweg advice quotes

Think different Break rules Create future

Carolin
Ballweg

Peter Chikumba

Failure is a friend only when you can see a business opportunity.

Peter Chikumba

 

 

One World One Way Many Paths cultural differences East vs. West

One World, One Way, Many Paths

Vadim Kotelnikov, Founder

 

Lao Tzu advice quotes teachings

Failure is the foundation of success,
and the means by which it is achieved.

Lao Tzu

Soichiro Honda quotes

Success is 99% failure.

Soichiro Honda

Honda

Thomas Edison advice quotes invention discovery

I have not failed 700 times. When I have eliminated the ways that will not work, I will find the way that will work.

Thomas Edison

Dale Carnegie quotes

Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.

Dale
Carnegie

Henry Ford advice

Failure is simply the opportunity to begin again, this time more intelligently.

Henry Ford

Ford Moror

Robert Kiyosaki quotes

You will make some mistakes but, if you learn from those mistakes, those mistakes will become wisdom and wisdom is essential to becoming wealthy.

Robert
Kiyosaki

Richard Branson business advice quotes

You don't learn to walk by following rules.
You learn by doing, and by falling over.  >>>

Richard Branson

Virgin Group

Bill Gates advice

Many costly Microsoft product failures provided the learning and opportunity for development of many of Microsoft's biggest successes.

Bill Gates

Micsosoft