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GE’s New Attitude Towards Failure

I was especially interested in the July 27 Wall Street Journal article regarding GE’s rethinking of the role of performance appraisals in evaluating and providing feedback to its employees. I worked the first half of my career in a variety of GE businesses and I realize now that the performance appraisal system contributed to a risk-averse culture. The article alludes to the fact that its performance appraisal system was at odds with its objective to encourage experimentation and calculated risk-taking because it served to punish failure. GE has been on the forefront of many business innovations and I’m encouraged that this may become the next wave of rethinking our internal processes to foster a healthier attitude towards failure. If you’d like to become better equipped to lead through failure, please check out the details below for our upcoming Summit on August 26th.


Our 3rd Quarter Summit will be on August 26th at Bitwise Solutions from 8:00 am till 9:30. This Summit will feature stories from Chris “The Brain” Hoyt and Duane Weber. Chris is a thought-provoking speaker who has a gift for moving you out of your comfort zone to impart a pearl of wisdom. He is a well-respected marketer and entrepreneur. Duane is the Director of Sales at the IndyChamber. He will be sharing his personal failure story and some practical applications from his days as the co-owner of a rapidly growing business that came to an unanticipated end. Seating is limited to a small group to facilitate small group interaction and a practical exercise. Our previous Summits have been fully subscribed, so take this opportunity to register now. I hope to see you there.


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