Innovation: Failure makes sense

Can we even fail faster and bigger for an even better outcome?

Can we even fail faster and bigger for an even better outcome?

The light lamp, the polio vaccine and the Internet: according to the Icelandic president Grímsson these products have something in common:

They first appeared failures but were very successful later.

Fear of failure keeps people sometimes inside themselves, while learning from mistakes is so important.

Grímsson said at the annual meeting of the Clinton Global initiative (founded in 2005 by Bill Clinton). The CGI brings leaders together to even bigger problems such as poverty and climate change solutions and economic development.

Grímsson: “You have to fail for succes. Can we even fail faster and bigger for an even better outcome? We as a country seriously failed since we transformed Iceland. We are an example of successful failure. “

During the banking crisis in Iceland there was a referendum asking how to tackle crises to the population. “But that was a mistake,” says Grímsson. “You don’t ask that our people.” When banks fell apart, there was suddenly a lot of talent on the market. That gave our economy a boost.

“You can survive a financial crisis if you dare to take the risk to fail. Politicians should be able to fail if they try to bring about change and still be re-elected. “

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