Showing posts with label risk. Show all posts
Showing posts with label risk. Show all posts

Monday, April 29, 2013

Here's to You!


I get a kick out of being around people who are smart in different ways than I am - who have different kinds of interests and ambitions and impacts.  

It's invigorating to be around this capacity and learn from these mindsets and skills.

Which means that I'm very lucky - because as an executive coach I work daily with accomplished learners and leaders who like to work as hard as I do.  

They keep me constantly aware of how much more is possible.
  
Many times my work feels like a celebration:  of what my clients have learned and achieved and given to others - and how much more they will going forward.  

So this Quick Note will be my toast to them and to you:

Here's to the game changers

  • the ones who persist in finding a better way
  • and engaging others in making it happen.

Here's to the connectors

  • who build networks that go up, down, sideways, and diagonally;
  • who network to learn new perspectives and make new connections
  • and who make sure that they give more than take along the way.

Here's to the long gamers

  • who've learned that you can often get what you want - but maybe not quite in the way you thought you would;
  • who know that if it's a worthwhile goal you persevere until you make it happen.
  • Because living other people's goals doesn't work, but joining forces to meet a common goal does.

Here's to the listeners

  • who understand how much more there is to really hear,
  • who know how to draw out what others have to offer,
  • and who make make time to listen for their own wisdom.

Here's to those that surprise themselves

  • with what they realize they've accomplished;
  • and then get curious, and then determined
  • and ready to find out what they'll learn as they take on their next challenge.

Here's to you!

Tuesday, June 28, 2011

What Kind of Failure Will Work?

Innovation leaders navigate a balance between understanding

-  the contributions failure can make in innovative processes
-  and the drivers of risk-adverse business environments.

So, taking a lead from the Eskimos' rich vocabulary for snow, Jamer Hunt proposed the following failure spectrum:
spectrum (see http://compioquicknotes.blogspot.com/)
"Abject failure
This is the really dark one. It marks you and you may not ever fully recover from it. People lose their lives, jobs, respect, or livelihoods. Examples: British Petroleum's Gulf oil spill; mortgage-backed securities.

Structural failure
It cuts -- deeply -- but it doesn't permanently cripple your identity or enterprise. Examples: Apple iPhone 4's antenna; Windows Vista.

Glorious failure
Going out in a botched but beautiful blaze of glory -- catastrophic but exhilarating. Example: Jamaican bobsled team.

Common failure
Everyday instances of screwing up that are not too difficult to recover from. The apology was invented for this category. Examples: oversleeping and missing a meeting at work; forgetting to pick up your kids from school; overcooking the tuna.

Version failure
Small failures that lead to incremental but meaningful improvements over time. Examples: Linux operating system; evolution.

Predicted failure
Failure as an essential part of a process that allows you to see what it is you really need to do more clearly because of the shortcomings. Example: the prototype -- only by creating imperfect early versions of it can you learn what's necessary to refine it."

Yes, we can learn something from any type of failure.

But this kind of language goes further, by helping us recognize and optimize the kind of failure that just may work.

Saturday, February 21, 2009

Experimenting with Success

Ralph Waldo Emerson observed that, "All life is an experiment; the more experiments you make the better."

Emerson also said, "Make the most of yourself, for that is all there is of you."

The link between these two thoughts: when you have something important to accomplish, but are not quite sure how to achieve it, try a few experiments.

Create a hypothesis, or even just an interesting idea, and test it - with the goal of learning something new and useful. Identify what you learned and let that shape your next experiment.

This strategy can reduce your level of risk and break big challenges into a series of more manageable queries.

Thursday, February 19, 2009

Failing Well




Big ambitions and big achievements require a resilience honed by setbacks, new learning, and a commitment to your version of success. In his commencement address at San Francisco State University, Mayor Gavin Newsom highlighted setbacks navigated by some notable achievers:

  • Michael Jordan was cut from his high school basketball team ... because he wasn't good enough.

  • Elvis Presley got an F in Music.

  • Winston Churchill finished last in his class ... and later remarked that the secret to success was "going from failure to failure without losing enthusiasm."

Another notable Churchill observation: "Success is not final, failure is not fatal: it is the courage to continue that counts." What historical heavyweight do you think persevered through the following?

  • 1831: failed in business.

  • 1832: lost his bid for a legislative seat.

  • 1834: failed again in business.

  • 1835: sweetheart died.

  • 1836: had a nervous breakdown.

  • 1838: lost his second political race.

  • 1843: defeated for Congress.

  • 1846: defeated for Congress.

  • 1848: defeated for Congress.

  • 1855: defeated for US Senate.

  • 1856: defeated for Vice President.

  • 1858: defeated for US Senate.

  • In 1860 he was elected 16th President of the United States.

What types of challenges are worth pursuing even though you may fail?

What was the best mistake you ever made?

COMPIO means "I accomplish." When you're ready to accomplish more, we're here to help.