We live in a society that largely looks at those who fail as, to quote a certain Presidential candidate, “Losers.” And, no one wants to be a loser. Often the tighter our budgets, the less likely we are to try new things for fear of failing. The only way to never fail, as the saying goes, is to not try at all. All of this stands in contrast with the platitude-laden conference panels, posts and conversations about failure. They say that is is ok to fail. That failure is part of the learning process. That it is but one step in the innovation … [Read more...]
Bon Jovi and the Pay-What-You-Can Experiment
We recently announced a new pricing model for Business of Arts and Culture seminars in which we will ask organizations to name their own tuition. We decided to embark on an experiment with this model after soliciting input from organizations we serve and quite a bit of investigation into how this model is performing – in the cultural sector and in the greater business world. Just after we announced our pricing experiment, I came across a very interesting new example of the pay-what-you-can experiment: Jon Bon Jovi’s Soul Kitchen in Red Bank, … [Read more...]
Column: Why Businesses Don’t Experiment – Harvard Business Review
A great column that talks about the common organizational bias toward answers rather than questions... even though asking the right questions will ultimately lead to the best answers. Column: Why Businesses Don't Experiment - Harvard Business Review. … [Read more...]