Mistakes are common in any fast-moving organization. If you’re not making any, you’re not taking enough risks.
As David Frankel, CMO of EDGAR Online, explains in a short video for the Fast Company 30 Second MBA series, the important thing is to learn how to recognize mistakes as soon as possible and then course-correct. The companies that suffer most for their mistakes are the ones that spend too much time over-thinking the cause and then handcuff themselves attempting to make the perfect decision.
Mistakes happen, so get used to them. Learn what you can and move on. Just don’t make the mistake of not watching the full video from Fast Company.
Related Content from OpenView:
If you’re in the business of innovation, you have to be willing to lose a few bets. For more on how making mistakes is essential to business growth, read this post from OpenView Managing Director Brian Zimmerman. And head over to Brian’s blog to learn more about why, rather than shooting for perfection, you should actually be trying to fail.