We respect Edison for many of the right reasons. Most of us though do not know the back-story to his inventing the electric light. The driver behind his research was that he got angry with the local gas company for the way they treated him, so he shifted his laboratory’s research priorities to get even. Yep, the gas company was going to cut him off for late payment. Many electric utilities now honor his legacy with his name as a part of theirs. So, maybe it is also time to honor him more widely by following his lead.
Rather than just lament the way things are … do something. Don’t do it by consensus. Do it by letting individuals try ideas, make mistakes, and then learn from them. But, do it quickly. Learn from what doesn’t work so you can apply it to what can work.
My latest read is a fabulous new book written by Amy Wilkinson on the six essential skills of extraordinary entrepreneurs called The Creator’s Code. If your company wants to adjust to the shifting landscape of regulatory realities, legislative issues, and customer attitudes, this is a must read.
The key is what Amy describes as the OODA loop. I will cover this in my next blog, but the key advice she offers about failing wisely is my point in this article. Edison had the right attitude about failure. Does your company embrace failure this way and encourage trying new ways of solving old problems using the latest discoveries from other industries? Does it reward people for stepping up, sharing their ideas, and trying new approaches better suited to our rapidly changing environment? As Edison points out, you don’t get to the one idea that works perfectly without taking some risks and failing along the way.