The Chase Jarvis LIVE Show

Why We Need to Talk About Failure with Amy Edmondson

29 snips
Sep 6, 2023
Amy Edmondson, renowned researcher on psychological safety and Harvard Business School professor, discusses the importance of failing well, building relationships through vulnerability and authenticity, and taking smart risks. She explores the different archetypes of failure and reframes failure as a discovery. Edmondson also talks about the mindset needed to keep going despite failures and the emotional toll of failure. Overall, she emphasizes the value of embracing failure for growth and learning.
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INSIGHT

Three Types Of Failure

  • Amy Edmondson defines three failure archetypes: basic, complex, and intelligent.
  • Only intelligent failures in new territory drive discovery and should be embraced.
INSIGHT

Reframe Failures With A Growth Mindset

  • Shift from a fixed mindset to a growth mindset to treat setbacks as learning.
  • Focus less on past mistakes and more on 'what next' to shape future outcomes.
ADVICE

Run Small Hypothesis-Driven Tests

  • Run experiments driven by a clear hypothesis and keep them as small as possible to learn.
  • Avoid investing all resources in unproven bets and scale only after learning.
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