ICYMI: In an episode of the Financial Times' "Working It" podcast published late last year, Harvard Business School's Amy Edmondson, author of Right Kind of Wrong: The Science of Failing Well, and host Isabel Berwick discuss how 'intelligent failure' can drive business innovation and success.
Central to fostering an environment conducive to intelligent failure is the concept of 'psychological safety.' Edmondson, who popularized this term, describes it as a workplace atmosphere where individuals feel free to take risks, like admitting mistakes or asking questions, without fear of negative consequences. This culture of openness, especially when leaders admit their own errors, builds trust and encourages a culture of learning and growth.
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