Behind the Money
Author Amy Edmondson on ‘intelligent failure’
Dec 20, 2023
Author Amy Edmondson, the world's most influential organisational psychologist, discusses the value in failure and the flaws in Silicon Valley's 'fail fast, fail often' mantra. They explore the concept of 'intelligent failure' and the importance of psychological safety in addressing failure. They also discuss the challenges and benefits of radical candor in organizations and the shift in mindset towards embracing failure. The speaker reflects on risk aversion and gives advice to beaten finalists in the book awards competition.
30:44
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Quick takeaways
- Intelligent failures, characterized by pursuing goals, venturing into new territory, and conducting small experiments, are valuable sources of learning and progress.
- Embracing failure and learning from it can often lead to unexpected insights and new directions in research and personal growth.
Deep dives
The Three Types of Failure
The book explores the different types of failures: basic failures due to human error, complex failures with multiple causes, and intelligent failures that result from thoughtful forays into new territory. The author emphasizes the importance of understanding and distinguishing these types of failures in order to celebrate the right kind of failure and work towards preventing preventable ones. Intelligent failures, characterized by pursuing goals, venturing into new territory, and conducting small experiments, are seen as valuable sources of learning and progress.
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