When it comes to innovation, failure isnโt just personal โ ๐ข๐ญโ๐ฌ ๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐๐ฅ.
What we learn (or donโt learn) from failure depends less on individuals and more ๐จ๐ง ๐ญ๐ก๐ ๐๐๐จ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ ๐ฐ๐ ๐ฅ๐ข๐ฏ๐ ๐ข๐ง.
Research from ๐ถ๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ก ๐ ๐โ๐๐๐๐๐ shows that the ๐ฌ๐ญ๐ข๐ ๐ฆ๐ ๐จ๐ ๐๐๐ข๐ฅ๐ฎ๐ซ๐ and the ๐ฐ๐ข๐ฅ๐ฅ๐ข๐ง๐ ๐ง๐๐ฌ๐ฌ ๐ญ๐จ ๐จ๐๐๐๐ซ ๐ฌ๐๐๐จ๐ง๐ ๐๐ก๐๐ง๐๐๐ฌ still shape how innovation unfolds around the world.
๐ ๐๐ก๐๐ญ ๐ญ๐ก๐ ๐๐๐ญ๐ ๐ซ๐๐ฏ๐๐๐ฅ๐ฌ
๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ข๐๐ โ how comfortable societies are with the risk of failing โ does ๐๐๐ ๐๐๐๐๐๐๐๐๐ with economic growth.
๐๐๐๐๐๐ ๐โ๐๐๐๐๐๐ โ the willingness to let failed founders try again โ does.
Economies that give entrepreneurs another shot grow faster and adapt better.
๐ย ๐๐ก๐๐ญ ๐ข๐ญ ๐ฆ๐๐๐ง๐ฌ ๐๐จ๐ซ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ
Encouraging entrepreneurship isnโt just about funding or training.
Itโs about ๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ก๐จ๐ฐ ๐ฐ๐ ๐ซ๐๐ฌ๐ฉ๐จ๐ง๐ ๐ญ๐จ ๐๐๐ข๐ฅ๐ฎ๐ซ๐.
Cultures that normalise learning and remove stigma create the conditions where innovation compounds.
At BRAIN CONNECT Prague, we believe progress depends not only on risk tolerance but on re-entry tolerance. The belief that ๐ข๐๐๐๐ฌ ๐๐ง๐ ๐ฉ๐๐จ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐ซ๐ฏ๐ ๐ ๐ฌ๐๐๐จ๐ง๐ ๐๐ก๐๐ง๐๐.
Because innovation doesnโt grow in cultures that punish imperfection.
๐นย ๐๐ ๐๐๐๐๐ฃ๐๐ก๐, ๐ค๐ ๐๐ข๐ ๐ก ๐๐๐๐ ๐ก ๐๐๐๐ ๐๐๐๐๐ ๐ค๐๐กโ ๐๐๐๐๐ข๐๐ ๐๐๐ ๐๐๐๐๐๐ฃ๐ ๐๐ ๐ ๐๐๐๐๐ ๐โ๐๐๐๐๐ .๐น
________________________________
๐ข Follow BRAIN CONNECT Prague Prague for more insights on innovation.
๐ Join the open-ended game!
Letโs shape the future. Together. ๐ต ๐ฆ ๐ท
Resources:
Burchell, B., & Hughes, A. (2006). The Stigma of Failure: An International Comparison of Failure Tolerance and Second Chancing (Working Paper No. 334). Centre for Business Research, University of Cambridge.
Damaraju, N. L., Barney, J. B., & Dess, G. G. (2023). Cultural influences on stigma of failure and entrepreneurial activity. Organization Management Journal, 20(5), 197โ209. doi: 10.1108/OMJ-01-2023-1711