An Amazing TED Talk on the Power of Embracing Failure
After last week's post on what the global development industry can learn from software developers we received a lot of positive feedback and traffic. In that post, we outlined 4 ways that we can embrace failure to increase the speed of innovation and growth:
Plan for Failure
Test (and design) for Failure
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Fail Fast (and rebuild… again… and again… and again…)
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Share your Failure (and success)
As you can probably guess, the last blog post outlined the benefits of embracing failure. To follow-up on that post, I was informed of this video which is well worth watching. It's called "Learning From Failure", and it shares a story about how Engineers Without Borders embraced its failure to improve its organization, and ultimately, accelerate global development.
My favorite quote:
What if we funded the development sector like Venture Capitalists funded startups. What would it be like if a donor funded projects and expected four of them to do OK, one of them to do fantastic, and five of them to fail?
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