Rethinking Failure and Why that's a Good Thing (for FailCon)
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Rethinking Failure and Why that's a Good Thing (for FailCon)

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This is a KeyNote created for Failcon Sydney 2012. The talk focused on why failure is a good thing with aim of encouraging small failures, in essence, to prevent large (epic) failures. ...

This is a KeyNote created for Failcon Sydney 2012. The talk focused on why failure is a good thing with aim of encouraging small failures, in essence, to prevent large (epic) failures.

Fail early, Fail fast... fail inexpensively.

Enjoy.

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  • Hi Ben,

    Tx for sharing this. Would be great to meet you later in 2013 (I'll come over to Australia at least once a year for some keynotes) and will pass Sydney. In the innovation network I'm in, we came up with a new word: the nearling. A nearling is a positive word for something new that was done with the right intentions, which has not – yet – led to the right result. For true innovation, the ability to let go is just as important as thinking of the new. http://www.21lobsterstreet.com/site/nearling/
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Rethinking Failure and Why that's a Good Thing (for FailCon) Rethinking Failure and Why that's a Good Thing (for FailCon) Presentation Transcript

  • F@#! THIS WE ALL FAIL & WHY THAT’S A GOOD THING THIS PRESENTATION WAS CREATED FOR FAILCON SYDNEY 2012. IT IS BEST ACCOMPANIED BY COMMENTARY & MAKES UP A 20 MINUTE KEYNOTE ON FAILURE. WORDS & PRESENTATION BY BEN RENNIE (ON TWITTER @BENRENNIE)@BENRENNIE
  • OUR DAILY CHALLENGE + + REMOVING NOISE. REMOVE BEFORE WE ADD... SOLVING COMPLEX PROBLEMS IS ABOUT STRIPPING BACK THE LAYERS OF COMPLEXITY. KEEPING THINGS SIMPLE.@BENRENNIE
  • SUCCESS V’S FAILURE 80% WE ARE CONSISTENTLY TELL US THEIR OPTIMISTIC ABOUT OUR OWN FUTURES AND BUSINESS IS PESSIMISTIC ABOUT OUR COMPETITORS. DOING WELL THERE IS A DISCONNECT BETWEEN HOW WE SEE OUR OWN 75% FUTURE, AND HOW WE SEE THE FUTURE OF THE TELL US THEIR MARKET. WE ALL WANT TO COMPETITORS SUCCEED, NO ONE WANTS TO FAIL, AND AS A RESULT, ARE DOING IT TOUGH MOST OF US END UP SOMEWHERE IN BETWEEN.@BENRENNIE
  • A REAL LIFE INFOGRAPH 80% OF THE ROOM STAND UP, BASED ON THE PREVIOUS SLIDES DATA, IF THIS IS TRUE, THEN I WILL BE FINE... HOWEVER YOU ARE ALL STUFFED!@BENRENNIE
  • HOW MANY COMPANIES FAIL? THE OLDEST COMPANY IS.. 1305 YEARS OLD NISIYAMA ONSEN KEIUNKAN 60% OF COMPANIES THAT IS WON’T LAST 3 OUT 5 YEARS OF 5@BENRENNIE
  • WHY? 60% OF COMPANIES DON”T LAST MORE THAN 5 YEARS WHY DON’T WE TALK ABOUT THAT? WE NEED TO DEFINE FAILURE. WHAT DOES IT MEAN TO YOU?@BENRENNIE
  • The idea that failure is not an option is dangerous. It makes failure invisible. Over time, making it... inevitable.@BENRENNIE
  • WE CAN’T AVOID FAILURE!So we need to embrace it.Analysing Success is like looking in a rear view mirror . We try to replicate our previous success or someone elses. The real value of learning is from beingable to extract lessons from our Failures... this means, we need to talk about it.@BENRENNIE
  • COMPANIES GOING BROKEWE DON’T NEED EPIC FAILURESBUT WE DO NEED FAILURE. EVERYDAY SETBACKS@BENRENNIE
  • WHAT IF YOU STARTEDAGAIN TOMORROW?What 3 behaviours from your past would keep?Consider the fire drill.@BENRENNIE
  • THIS IS WHAT I KEPT FROM MY FIRE: 3 BEHAVIOURS. ACTION CONNECTION DEVIATION Creating what Connecting to Forging new paths. you can not see. culture & humanity. THE QUESTION: HOW DO WE RETHINK HOW WE RUN OUR COMPANIES?@BENRENNIE
  • WE NEED TO INTRINSIC RETHINK HOW V’S WE RUN OUR COMPANIES EXTRINSIC@BENRENNIE GOOGLE: DAN H. PINK
  • DON’T FORGET TO BE HAPPY@BENRENNIE
  • 1. Not part of the essential nature of someone or something; coming or operating from outside. EXTRINSIC 2. (of a muscle, such as any of the eye muscles) Having its origin some distance from the part that it moves. * Rewarding people to solve complex problems doesnt solve the problem, it actually does the opposite.@BENRENNIE GOOGLE: DAN H. PINK
  • 1. Belonging naturally; essential. INTRINSIC 2. (of a muscle) Contained wholly within the organ on which it acts. * Rewards narrow focus, concentrate the mind. * There’s a mismatch between what science knows and companies do.@BENRENNIE GOOGLE: DAN H. PINK
  • A GREAT IDEA IS 1% IDEAWORTH NOTHING 99% EXECUTION@BENRENNIE
  • MY 3 RULES OF FAIL EARLY FAIL FAST EXECUTION FAIL INEXPENSIVELY@BENRENNIE
  • LET’S CREATE LEARN FROM FAILURE COMPANIES LISTEN TO IDEAS EMBRACE RISK THAT REWARD BRAVERY@BENRENNIE
  • IN THE NEXT 30 DAYS... TODAY 30 DAYS@BENRENNIE
  • IN THE NEXT 30 DAYS... CREATE CHANGE SHARE SOMETHING SOMETHING SOMETHING@BENRENNIE
  • THANKS. BEN RENNIE TWITTER: @BENRENNIE WWW.SIXPOINTTWO.NET@BENRENNIE @BENRENNIE