My Favorite Mistake: Business Lessons from Failures and Success

Rich Sheridan, CEO of Menlo Innovations, Says Run the Experiment ... and Make Mistakes Faster


Listen Later

Episode page with transcript, video, and more


My guest for Episode #220 of the My Favorite Mistake podcast is Rich Sheridan, the co-founder, CEO, and “Chief Storyteller” of Menlo Innovations, a software and IT consulting firm that has earned numerous awards and press coverage for its innovative and positive workplace culture.

He’s the author of two books — first,  Joy, Inc.: How We Built a Workplace People Love, and then his latest, published in 2019, Chief Joy Officer: How Great Leaders Elevate Human Energy and Eliminate Fear.

I’ve interviewed Rich twice in my “Lean Blog Interviews” podcast, we’ve crossed paths at conferences, and I’ve been able to visit the Menlo Innovations office in Ann Arbor (2014).

In this episode, Rich shares two favorite mistake stories from his time as a senior leader at a previous company. Why did one mistake change his life? How did the second mistake help him put himself in the CEO's shoes?

Rich also kindly endorsed my new book:

“At Menlo Innovations, one of our favorite phrases is ‘Make Mistakes Faster!’ It’s not that we like making mistakes, we just prefer making small mistakes quickly rather than BIG mistakes slowly. The difference comes from creating a culture where we are safe to share our mistakes. In The Mistakes That Make Us, author Mark Graban teaches all of us how to do this and shares story after real story of the benefits. It would be a BIG mistake to ignore this wisdom!”

Questions and Topics:

  • Why the title “chief storyteller?”
  • How do you define “joy” in the workplace?
  • What’s your role as CEO in helping others find joy or be joyful?
  • Joy vs. happiness?
  • Deming connections: pride, fear
  • Why is eliminating fear so important to you and Menlo?
  • You say, “one of your favorite phrases at Menlo Innovations is ‘Make Mistakes Faster!” — tell us more about that… 
  • “Fear makes bad news go into hiding…”
  • “Let’s run the experiment” — tell us more, “try stuff and see if it works”
  • Being open to small mistakes as a way to avoid big ones? An experiment in working with you?
  • “Without the stories, Menlo doesn’t make sense”
  • Paired work
  • Please follow, rate, and review via Apple Podcasts, Podchaser, or your favorite app — that helps others find this content, and you'll be sure to get future episodes as they are released weekly. You can also financially support the show through Spotify.

    You can now sign up to get new episodes via email, to make sure you don't miss an episode.

    This podcast is part of the Lean Communicators network.




    ---
    Support this podcast: https://podcasters.spotify.com/pod/show/favorite-mistake/support
    ...more
    View all episodesView all episodes
    Download on the App Store

    My Favorite Mistake: Business Lessons from Failures and SuccessBy Mark Graban

    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    38 ratings


    More shows like My Favorite Mistake: Business Lessons from Failures and Success

    View all
    Lean Blog Interviews - Healthcare, Manufacturing, Business, and Leadership by Mark Graban

    Lean Blog Interviews - Healthcare, Manufacturing, Business, and Leadership

    47 Listeners

    Planet Money by NPR

    Planet Money

    30,923 Listeners

    Coaching for Leaders by Dave Stachowiak

    Coaching for Leaders

    1,455 Listeners

    Gemba Academy Podcast: Lean Six Sigma | Toyota Kata | Productivity | Leadership by Ron Pereira: Lean Thinker & Co-Founder of Gemba Academy

    Gemba Academy Podcast: Lean Six Sigma | Toyota Kata | Productivity | Leadership

    197 Listeners

    Lean Blog Audio by Mark Graban

    Lean Blog Audio

    15 Listeners

    Happier with Gretchen Rubin by Gretchen Rubin / The Onward Project

    Happier with Gretchen Rubin

    12,968 Listeners

    KaiNexus: Continuous Improvement, Leadership, and More by KaiNexus

    KaiNexus: Continuous Improvement, Leadership, and More

    27 Listeners

    The Daily Show: Ears Edition by iHeartPodcasts and Paramount Podcasts

    The Daily Show: Ears Edition

    14,185 Listeners

    WLEI - Lean Enterprise Institute's Podcast by Lean Enterprise Institute

    WLEI - Lean Enterprise Institute's Podcast

    21 Listeners

    Before Breakfast by iHeartPodcasts

    Before Breakfast

    1,391 Listeners

    Lean Coffee Talk (formerly known as Lean Whiskey) by Mark Graban & Jamie Flinchbaugh

    Lean Coffee Talk (formerly known as Lean Whiskey)

    9 Listeners

    Connecting the Dots by Skip Steward

    Connecting the Dots

    28 Listeners

    The Weekly Show with Jon Stewart by Comedy Central

    The Weekly Show with Jon Stewart

    10,273 Listeners