Performance is not hitting the bull’s-eye with every shot – that is a circus act.
Businesses manage performance for success, the best one’s find the point of diminishing returns for best performance.
It would seem logical that you would want to succeed in each and every venture for the company. The ones that expect that usually fail because it doesn’t reward risk.
The best baseball players only get a hit every 3 out of every 10 at bat’s. The best basketball players only make 4 out of every 10 shots (Now you can throw in any other sports analogy). Businesses need to think of successes and failures as a percentage.
For different companies in different industries, this percentage will be different for optimal success. This is because the environment and the talent for each organization is different.
A company needs to instill a culture where it’s okay to fail because through those failures you will learn individual and company weaknesses and you’ll be able to build upon those for greater success down the road. Successful business performance management is a game that needs to be played to win. Those that fears or criticizes failure will quickly see their competition go by them.
What are you doing to make sure your organization accepts failure in the pursuit of success?
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