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Effecting Change: How Allowing For Failure Leads to Success
The sustainability of an organisation, particularly in times of economic
turmoil, is often seen as directly related to its ability to innovate
and implement change. But how organisations perceive and react to
failure – their failure orientation – is also integral to ongoing
viability. According to Australian School of Business associate
professor Gavin Schwarz, firms that recognise failure as a stabilising
force and as a legitimate aspect of organisational survival will find
this perspective can have a positive influence on the overall behaviour
of their organisations and, with it, future prospects.
View all episodes
By theBoxThe sustainability of an organisation, particularly in times of economic
turmoil, is often seen as directly related to its ability to innovate
and implement change. But how organisations perceive and react to
failure – their failure orientation – is also integral to ongoing
viability. According to Australian School of Business associate
professor Gavin Schwarz, firms that recognise failure as a stabilising
force and as a legitimate aspect of organisational survival will find
this perspective can have a positive influence on the overall behaviour
of their organisations and, with it, future prospects.
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