People who work in nonprofits, social enterprises, development agencies, and foundations experience failure on a regular basis just as people in any other business or organization. Yet, for the most part, it is an anathema to speak or acknowledge this failure. Recently, the World Bank organized the third annual FAILfaire conference to highlight instances of failure in the field of social change. The purpose was to show that failure can generate and stimulate innovation and progress. While some non-profits are tempted to hide their failures for fear of donor reaction, most agree that transparency is crucial to their success. Talking about and learning from what works and what doesn’t is necessary in order foster growth and innovation.
Read the entire article here: The Power of Failure
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