Failure Is Your Friend (Rebroadcast)

The episode examines how organizational culture suppresses honest failure reporting, using the Challenger disaster and a failed retail expansion in China as case studies. It advocates for tools like prediction markets and premortems to surface hidden risks. Failure is reframed as a necessary input for better decision-making when de-stigmatized.

Learn how to use premortems and prediction markets to uncover hidden project risks before they become disasters.

1. 01Organizational go fever leads to catastrophic decisions when dissent is silenced.
2. 02Internal prediction markets can reveal true project risks by incentivizing honest employee forecasts.
3. 03Conducting a premortem—imagining a project has already failed—helps identify vulnerabilities before launch.