Here is a brief excerpt from a brief article written by one of my favorite essayists, David Brooks, for The New York Times. To read the complete article and check out others, please click here.
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Some of the blogs I follow—Marginal Revolution, Ezra Klein—have given ample attention to Tim Harford’s new book, Adapt: Why Success Always Starts with Failure. So I solipsistically assumed that everybody must be aware of it. But then I happened to glance at this book’s Amazon ranking, which as I write is down on the wrong side of 1,500. This is an outrage, people! For the good of the world, a bigger slice of humanity should be aware of its contents.
So I’m doing my bit to publicize it. (I don’t know Harford in any way, shape or form.)
Harford starts out with the premise that the world is a very complicated and difficult place. At the dawn of the automobile industry roughly 2,000 car companies sprang into being. Less than 1 percent of them survived. Even if you make it to the top, it is very hard to stay there. The historian Leslie Hannah identified the ten largest American companies in 1912. None of those companies ranked in the top 100 companies by 1990.
Harford’s basic lesson is you have to design your life to make effective use of failures. You have to design systems of trial and error, or to use a natural word, evolution. Most successful enterprises are built through a process of groping and adaptation, not planning.
The Russian thinker Peter Palchinsky understood the basic structure of smart change. First seek out new ideas and new things. Next, try new things on a scale small enough so that their failure is survivable. Then find a feedback mechanism so you can tell which new thing is failing and which is succeeding.
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This article and Harford’s excellent book, one that I will soon review, remind me of this passage from Paul Schoemaker’s latest book, Brilliant Mistakes: “The key question companies need to address is not ‘Should we make mistakes?’ but rather ‘Which mistakes should we make in order to test our deeply held assumptions?'” C-level executives with street smarts have known for decades that strategically planned “mistakes” offer the best way to learn what works, what doesn’t, and most important of all, why.
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To read all of Brooks’ article and check out his others, please click here.
David Brooks has been an Op-Ed columnist at The Times since September 2003. He is the author of Bobos In Paradise: The New Upper Class and How They Got There, On Paradise Drive: How We Live Now (And Always Have) in the Future Tense, and most recently, The Social Animal: The Hidden Sources of Love, Character and Achievement.