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cover of episode IL23: Learning to Fail Well ft. Amy Edmondson

IL23: Learning to Fail Well ft. Amy Edmondson

2024/1/31
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Top Traders Unplugged

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In this episode we talk to Amy Edmondson, Harvard Business School professor and author of the Financial Times 2023 Business Book of the Year: *The Right Kind of Wrong, The Science of Failing Well. *Edmondson argues we should cultivate an appetite for “intelligent failure” - events that may be painful but ultimately lead to innovation, personal growth and better relationships. This is difficult because we are hardwired to push failure “underground”, a bias that is often made worse by work cultures that punish failure in the name of accountability. Edmondson explains how we can overcome these obstacles using stories from her own life and findings from her career as a scientific researcher. 


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**Episode TimeStamps: **

**02:22 - **Introduction to Amy Edmondson

**10:27 - **The importance of psychological safety

**15:04 - **The different types of failure

**18:25 - **Why do we fear to fail?

**22:54 - **The idea of reframing

**25:04 - **Practicing reframing

**27:06 - **Has the way students work changed?

**30:25 - **The dark side of the performance mindset

**32:40 - **Integrating feedback the right way

**36:16 - **The Stop. Challenge. Choose Method

**41:02 - **The key aspect of failing well

**44:48 - **How can we cultivate intelligent failure?

**50:35 - **Conceptualizing excellence in a new way

**53:33 - **Encouraging openness while maintaining intellectual property

**56:33 - **A philosophical perspective

**01:00:36 **- Key takeaways from Niels

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