“Museum of Failure” and other highlights from the Innovation Roundtable
Greetings from Copenhagen! I am here for the Innovation Roundtable Summit—the largest gathering of corporate innovation executives in the world.
I just delivered a keynote address on the closing of Day 1, giving an updated take on “The Other ‘F’ Word.”
On Day 2 I did a deeper dive into that topic, and deconstructed the Failure Value Cycle (from my book).
On Day 3 I led a session on “Three Keys to Corporate Entrepreneurship,” where I take core entrepreneurial practices and adapt them to work in large enterprises.
Earlier in my career I was a corporate entrepreneur at Sony (I was an executive vice president there) and at other F500 enterprises, and I bring those experiences to bear directly on this topic, along with plenty of other real-world examples.
My approach to launching new ventures and initiatives inside large enterprises includes investigating and providing tools in the areas of:
(1) Strategic Alignment
(2) Effective Entrepreneurial Execution
(3) Stakeholder Management
In fact, you can download both of the worksheets/workbooks I developed on these topics below:
- Corporate Entrepreneurship Workbook – Innovation Roundtable – Nov 2019
- Other F Word Group Activity – Nov 2019
When my coauthor John Danner and I released our book, The Other “F” Word: How Smart Leaders, Teams, and Entrepreneurs Put Failure to Work in 2015, I thought we would have two or, at most, three years of interest in our book and the related frameworks for cultivating a more productive relationship with failure and accelerate innovation and growth.
However, with new examples being created every day, the topic of failure continues to generate interest at home in Berkeley and the Silicon Valley, as well as abroad.
Current illustrations I included in in my address and workshop ranged from Boeing to WeWork to more positive examples.
While I was here, I also had the good fortune to meet Dr. Samuel West, founder of the Museum of Failure.
His museum shows that “For every mega-success like the Apple iPhone, VCR and Ford Mustang, there’s a couple of Newtons, Betamaxes and Edsels that crashed and burned before them.”
The Museum of Failure hopes to convey that the acceptance of failure is necessary in order for innovation and progress to truly succeed—a message I can get behind!
In case you missed them, here are a few recent posts from my blog on the topics of innovation and failure: