Good question posted by @Stevekoss from yesterday’s post: Do companies need less innovation?

The process of innovation is full of highs and lows and requires people to stretch themselves beyond their comfort zone so I think it depends on a person’s tolerance for failure. It basically comes down to mindset, Carol Dweck has written extensively about how there are people with a fixed and growth mindsets. If you look around you’ll see that we’re mostly surrounded by people with fixed mindsets, people who are afraid to be wrong and make mistakes. Where innovation requires a learning disposition, people with fixed mindsets have a hard time accepting the idea that ‘failure as learning’ is part of the process.

What we need to do is come to a collective understanding that failure will happen along the journey of any new initiative and see it as an investment, this way we can change the perception of failure from ‘failing to learning’.

Below is Professor Carol Dweck explaining the difference between a growth and fixed mindset:

P.S Be sure to click on the links (do you have a growth or fixed mindset?), it’s stuff I’ve written about before as well as ideas taken from elsewhere but they all come back to the growth vs fixed mindset.

I look forward to your thoughts