If you want success, you need to out-fail everyone.
It’s not about perfection. It’s about failing and adapting fast.
Truly successful people will all have 3 things in common:
- They fail hard.
- They fail fast.
- And they do not fear the process.
This is said best by Thomas Edison:
"I have not failed. I've just found 10,000 ways that won't work."
It is cliche but it is true.
Here are 6 highly credited frameworks
That will change the way you think about failure:
1. Experiential Learning Cycle - Learning occurs through a cycle of experiencing, reflecting, thinking, and acting. Therefore highlighting the power of both concrete experience and reflective observation in the learning process.
2. The Lean Startup Methodology - This emphasises a build-measure-learn approach. To build anything successful, you need rapid experimentation, feedback loops and consistent iterations based on data.
3. Double-Loop Learning Framework - This involves questioning and challenging underlying assumptions as well as addressing surface-level errors. This framework encourages deeper reflection and systemic change.
4. Plan-Do-Study-Act (PDSA) Cycle - Based upon the theory of continuous improvement this Plan a change, implement it, study the results, and act on what is learned to refine subsequent iterations.
5. Growth Mindset Framework - Individuals with a growth mindset will view mistakes as opportunities for learning and growth, embracing challenges and persisting in the face of setbacks.
6. Reflective Practice Framework - Reflect on your professional experiences, question assumptions, and engage in ongoing practice to improve your skills, knowledge, and effectiveness.
Remember:
The day we dissociate from the negativity around failing.
The faster we will progress and grow.
What’s your favourite framework here?
Let me know in the comments ⬇️
Image credits: Roberto Ferraro
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VP - Wealth Management- Morgan Stanley
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