When the toy buyer at Sears made a mistake that cost the company $10 million dollars, the president was asked: “Are you going to fire him?”
“Of course not”, he replied, “I fire people who don’t make mistakes.”
Would any manager, or even the CEO of your company, take that stance when faced with employees’ mistakes?
Today, in Silicon Valley, Error Culture is almost a religion. Everyone there already knows that you only go far by failing often and correcting quickly.
The Sears president already knew this back in 1981, 38 years ago, when the “$10 million dollar mistake” happened.
Even so, we can count on one hand the companies inside and outside Brazil that understand the importance of Error Culture in their businesses.
It’s not about making mistakes for the sake of it, but failing while aiming higher. In Silicon Valley, this is known as a Moonshot.
Try to hit the moon. If you don’t reach the target, you will still be higher than before.
By repeating this process consistently, many companies grow exponentially and reach an entirely new level.
Without the possibility of taking a moonshot, your team will struggle to accelerate the company’s growth.
How do you build an internal culture that allows for calculated risk-taking while aligning all employees in your company?
Without anyone feeling uncertain about whether taking risks is the right thing to do?
You certainly know at least some of the world’s largest companies: Google, Facebook, Apple… all of them align their talent through equity distribution.
Source: Startse