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April 7, 2012 01:05 pm

Should Failure Be Rewarded To Spur Innovation?


Lucas123 writes "Paper products maker Kimberly-Clark drove the morale of its IT infrastructure group into the ground after massive firings and outsourcing. When they hired a new VP of Infrastructure four years later to turn things around, he implemented a program to spur innovation. The VP took a venture capitalist approach where any employee could submit an idea and if accepted, make a pitch in 30 minutes or less. If the idea had merit, it received first, then second rounds of funding. If not, the employee's idea still got lauded on the company's internal Sharepoint site. As he puts it, 'Failure is simply the opportunity to begin again, this time more intelligently. It's about what we learn from the failure. Not the failure itself. We celebrate that learning.'"

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/00CP-0l_eAQ/should-failure-be-rewarded-to-spur-innovation

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