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Peter Drucker on Innovation

how to bootstrap success

September 11, 2007 – 2:50 pm

In my previous post I noted that small insights help drive innovation. Demystifying the common belief that innovation is all about epiphanies and random strokes of genius, emphasizing instead that innovation is all about doing. Trial and error is the stuff innovations are really made of.

As IBM’s former CEO Thomas J. Watson put it…

“Would you like the formula for success? Double your rate of failure.”

It’s a state of mind that involves:

1. Fearlessly staying open-minded and agile.

2. Taking swift actions and carefully analyzing the results.

3. Getting comfortable with failure and even more comfortable with success.

What do you think?

  1. One Response to “how to bootstrap success”

  2. Hear hear!!!

    By Niloofar on Sep 11, 2007

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