In: The importance of failure

Tony Chapman, CEO of Capital C, in Toronto’s Globe and Mail:

The only way you’re going to grow your business is innovation.  If you’re going to have an innovative culture, you must understand that that comes with the acceptance of failure. Innovation comes with a lot of mistakes.

…

Anybody who’s in the business of inventing the future has to be more tolerant of risk and failure because the future hasn’t been created yet.  If you’re in the business of creativity or innovation, software, technology or ideas, you have to be tolerant of experimentation and creativity. (emphasis added)

Much more (worth your time) here.