The Leadership Agenda
Explore nowHere’s a counterintuitive message to leaders: your people probably aren’t failing enough. In PwC’s latest Global CEO Survey, only 46% of CEOs say that leaders in their companies regularly tolerate small-scale failures. That’s a problem. When employees aren’t failing, they aren’t pushing boundaries or challenging established norms. Worse, that institutional mindset of collective compliance means that they’re likely not learning.
Overcoming this challenge requires a different leadership style. Many successful people have spent their careers rising up through a traditional command-and-control structure, where expectations were clear and the main challenge was measuring who exceeded those expectations and by how much. Today, amid much greater uncertainty, leaders need to create the right conditions for their teams to take risks, be creative and attack problems in unconventional ways.
Specifically, leaders can take three steps to reduce the fear of failure in the workplace and encourage risk-taking.
The bottom line? If leaders are focused solely on success, they’re bound to fail. And if they encourage failures, they’re more likely to succeed.
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