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"Failure isn't a necessary evil. In fact, it isn't evil at all. It is a necessary consequence of doing something new.
Is having right people with you a more important aspect, or having the right idea?
According to Ed Catmull (The President and Co-Founder of Pixar Studios), having right people takes the edge.
Hire inspired people, then give them good ideas. Never try to do it the other way around.
Not being surprised by failure when it happens, the people at Pixar acknowledge it up front. They greet it right at the door. By accepting that mistakes are just part of the deal, they can design their processes to be iterative, meaning they can weed out the mistakes they find with the next project and not repeat them again.
At Pixar mistakes are never made by individuals, only by teams. When failure happens, the entire team is responsible.
Failure-sharing is exactly that. When everyone feels safe to take risks do you have an environment where everyone can have the courage to be creative.
“It’s not the manager’s job to prevent risks. It’s the manager’s job to make it safe for others to take them.”