There is a paradox at work in the business world today, and the Tier 1 Event Management, Inc. team defines it like this: innovation requires mistakes, but keeping up with ever-changing trends and staying relevant in the digital age doesn’t allow for error. Which leads us to wonder: how do leaders encourage their teams to take chances while also dealing with the pressure to excel all the time?
Unfortunately, to our knowledge, there isn’t a definitive answer. Tier 1 Event Management, Inc. frontrunners do have a suggestion, though. The issue, of course, is your margin of error. How many mistakes can you make and still stay in business? This will be measured differently according to your industry and organizational needs, but if you can develop such a metric you’ll be able to breathe a little easier.
Then, Tier 1 Event Management, Inc. frontrunners believe it’s vital to model significance. By this, we mean business leaders should move beyond the numbers mentality and start considering how to add both meaning and achievement to their positions. In doing so you will encourage your team members to think beyond merely what they have to do, and start thinking in terms of how to improve both themselves and the processes with which they work. Mistakes may happen, but they’ll be valuable learning experiences that will pay off in greater innovation and problem solving down the road.
How does your organization deal with the tension between innovation and efficiency?