S4E5: Losing and Failure with Don Schmincke

Text Jason @ Leadership Voyage

AI

• not going to predict where it goes
• great research assistant
• good editor for writing
• Augment not Abdicate; like a calculator

Winner and Losers Book

• came from working with entrepreneurs
• what we're teaching about entrepreneurship isn't what people are doing in the field
• too often we're writing only about successes
• seek failure as a way to learn; either win or learn
• "tool seduction" was in the autopsies of a lot of dead companies

Failure

• failure is when whatever you expected to happen doesn't happen
• thinking about death is the most important tool to make big decisions
• fear of failure fades in the face of death
• neurologically, thinking about death unhooks the ego; it hacks the brain
• some say we're afraid of failure because of our survival instinct
• to face failure, you need to know what your fears are and what in your life needs to die

About Don in his own words:

sagaleadership.com

How did I end up researching management theory failure rates, and transforming strategic planning and culture change?

No idea. As an MIT and Johns Hopkins researcher, the journey was nonlinear. I was nearly arrested as a capitalist spy in the Soviet Bloc, got shot off an aircraft carrier, survived in the Kurdish capital as Tehran held hostages, was the first white person allowed into an African Tsonga village, explored religious integration in Vietnamese mountain tribes, developed missile-guidance systems while my frat brothers took Vegas (later portrayed in the movie “21”), and was caught taking my kids to a North Korean DMZ minefield. (Bad dad!)

But my background in planetary physics, AI, biomedical engineering, helped me learn from many global expeditions to discover how humans group for work, play, reproduction, civilization, and war.

That's how we invented the winning formula system.

Leadership Voyage
email: StartYourVoyage@gmail.com
linkedin: https://www.linkedin.com/in/jasonallenwick/
youtube: https://www.youtube.com/@LeadershipVoyage
music: by Napoleon (napbak)
https://www.fiverr.com/napbak
voice: by Ayanna Gallant
www.ayannagallantVO.com
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