Tag: light bulb
Learning From History To Avoid Learning From Failure Is Good
“I didn’t fail 1,000 times. The light bulb was an invention with 1,000 steps.” Was said by Thomas Edison after a reporter asked him How did it feel to fail 1,000 times [when inventing the lightbulb]?” I really think failure is needed to further knowledge. But not every failure pushes the limits of human understanding. […]
My Concept of Ownership in Business
To me ownership is the single most important concept in business and, although equity is important, I’m not talking about actual shares or percentages of a company. I’m talking about empowering employees, partners, and coworkers to be able to make decisions. Ownership equates to control. If you want those you work with to ever be more than drones following a process you have to give them the freedom to make decisions and the freedom to fail (Remember, it’s 99 ways how not to make a lightbulb.).