THINK Week in Review: Thomas Edison Edition

In 1878 the Edison Electric Light Company was incorporated. What made founder Thomas Edison so special? His experimental method was built on the presumption that there are no failures: “I never quit until I get what I'm after. [Failures] are just as valuable to me as a positive results.” Thomas Edison showed us that if you treat every result as a positive result, then you set yourself up for success. If that is your mindset, you literally cannot fail. An inspiring way to look at life and work. We hope you find inspiration in the best stories of the week: The leadership blind spots at Wells Fargo: “For the bank, any obstacles to speaking up – whether deliberate or inadvertent – must be eradicated. That starts with listening to and protecting the employees who raise concerns. And managers at all levels must take explicit steps to encourage questions and collaborative problem-solving. It's important to care about how things are done, not just the end results.” And, Fast Company's less insightful take. Imagining a cashless world: Really interesting read about Sweden on their journey to a cashless society. Innovation is all in the wrong places. “Maybe you do need an innovation lab. Maybe working with startups is key. Maybe your organization needs impetus and expertise – but for goodness sake, no more iBeacon-driven vending machines, no more 3-D printed trinkets. Let's stop thinking of technology as a trendy tattoo – a surface-level commitment best kept on a conspicuous but not often used part of the body. Let's think of it as oxygen – essential to the beating heart of your business." This is the real reason we're so attached to our phones: “We apparently never outgrow our need for some form of teddy bear. For people with a more anxious form of attachment style, the teddy bear they need is one that keeps them connected to their larger social world. If you’ve become unable to get through your day without holding your phone and frequently checking your social networks, it may be time to question whether you can find fulfillment in your connections with others in a real rather than virtual space.” How will AI change the world? Marc Andreesen explains: “My thesis is that we're not in a tech bubble – we’re in a tech bust. Our problem isn't too much technology or people being too excited about technology. The problem is we don't have nearly enough technology. These cartel-like legacy industries are way too hard to disrupt.”