Key Idea: See Failure as a Normal OccurrenceThis is a rubber part made of recycled materials. It was invented in the laboratory at Diversified Chemical Technologies where scientists work through problems to come up with cheaper, faster ways to get things done for their customers. More on innovation... More on Diversified Chemicals... |
Key Question:A:
Only children and people who have never tried to do anything difficult think that they can get through life without failure. This brought back memories of Marc Katz, founder of Katz Deli in Austin, Texas. Marc told us, "Running a business is not for wimps." And the reason this is true is that there is much failure on the road to success. Think about itWhen was the last time you experienced a small failure? A big failure? What did you learn from it? Do you need to make some more mistakes so you can learn even more? Clip from: Innovation and Invention with Michael NovakWashington, DC and around the world: What drives people to challenge the status quo? ...to go out into the unknown? ...to try to create things that have never been seen before? Why do these people work so hard and stretch so far? Everybody talks about them, saying things like, "Crazy!" "They'll kill themselves." "They're in a world of their own." Yet, these daring people, driven by principles and dreams, are changing our world for the better. Diversified Chemical Technologies (GH)George Hill, CEO
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Business Classification: Year Founded: 1971 See Failure as a Normal OccurrenceHATTIE: (Voiceover) It took Steve Hoffman over 20 years of trying to achieve what we see at his company today. 200 employees and 40 million in revenue, but that only after years of working to perfect the printing techniques. Joe Dannis, the creator of teaching tools for American sign language, spent seven years alone struggling to perfect his ideas. Diversified Chemicals broke through with a new product only after it invested heavily in research, which always includes paying for the cost of failure. So you hit a homerun with this? Not a member yet? Learn! Be empowered! Join us! |
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