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It is time to stop rewarding failure

Aditya:

Scathing for sure

Originally posted on Om Malik:

Silicon Valley (the notion) has become very much like rest of corporate America — it has embraced the philosophy of failing upwards. I have seen many executives get bumped up the ranks, get fancier titles and bigger paychecks, even though they were disastrous at their job. Many have left destruction and dismay in their wake. And yet, there they are getting bumped up — again and again. I was reminded of this disease this morning when I read about Microsoft cutting 18,000 jobs of which 12,500 odd will be at the Nokia division. Microsoft’s board might have eased out Steve Ballmer, but man, why aren’t they thinking about Stephen Elop.

When I met him in his prior gig at Microsoft, Elop seemed to be a nice enough guy, not quite a visionary, but good enough for what was then essentially a monopoly.  The very fact that a middling executive could…

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More Stories By Aditya Banerjee

Aditya Banerjee is currently working as a Management Trainee in Cadbury India Ltd. He completed his Master of Management from the Shailesh J Mehta School of Management, IIT Bombay. He worked as an Application Developer in Kolkata for IBM India from August 2005 to July 2008. He graduated from the Indian Institute of Technology Madras in 2005 with a Bachelor of Technology in Civil Engineering degree. He passed out from school in 2001, and also represented India in the International Chemistry Olympiad in the same year, winning a Silver Medal.