The PhilanthroCapitalism blog reviews Tim Harford’s new book ‘Adapt: Why Success Always Starts with Failure’:
“Adapt” is both entertaining and inspiring in its call for new thinking in how we tackle social and environmental problems. Indeed, it is a must-read for anyone who wants to make the world a better place. We hope that it will both inspire more foundations to learn to love failing and give the critics of measurement cause to reconsider.
Our own modest proposal in this campaign for failure in philanthropy is that we should be doing more to celebrate when bold projects don’t work out. To that end, we would love to see a donor step up to fund a ‘Heroic Failure’ prize. That’s right, a prize for the biggest, boldest failure in philanthropy to reward those who have failed by giving them a chance to try again, to make failure something that philanthropists talk about, and (perhaps most importantly) so that we can all learn from what doesn’t work and thus stop repeating the same mistakes.
Love the idea of a ‘Heroic Failure’ prize! And this is another book I’m looking forward to reading soon.