WEBVTT 00:00:08.224 --> 00:00:11.253 Thank you very much, ladies and gentlemen. 00:00:11.253 --> 00:00:14.762 Well, what I'd like to do today in this very brief talk, 00:00:14.762 --> 00:00:18.642 is a small social revolution, I hope. 00:00:18.642 --> 00:00:22.730 As you can see behind me, my talk is about celebrating failure. 00:00:22.730 --> 00:00:27.033 And when you say failure, very often, people just switch off. 00:00:27.033 --> 00:00:29.173 But what I'd like to do is -- I'd like to suggest today 00:00:29.173 --> 00:00:33.153 that there are useful failures and not so useful failures. 00:00:33.153 --> 00:00:35.280 And i'd like to try and help you understand 00:00:35.280 --> 00:00:38.381 how we can manage our failures. 00:00:38.381 --> 00:00:40.589 So I'll begin with a very simple question. 00:00:40.589 --> 00:00:45.234 The simple question is: who makes mistakes? 00:00:45.234 --> 00:00:48.296 Everybody absolutely, human beings make mistakes. 00:00:48.296 --> 00:00:51.255 All human beings make mistakes. 00:00:51.255 --> 00:00:52.951 There are no exceptions. 00:00:52.951 --> 00:00:56.978 So if it's inevitable for human beings to make mistakes -- 00:00:56.978 --> 00:01:01.004 Why is it that every single error that we make 00:01:01.004 --> 00:01:05.391 we tend to overexaggerate and see it as a disaster? 00:01:05.391 --> 00:01:07.640 We can't get there, we'll never get there. 00:01:07.640 --> 00:01:12.371 It's as if an error, a mistake, a failure means no success, 00:01:12.371 --> 00:01:16.438 It's as if in our brains, we've got this idea of a spectrum, 00:01:16.438 --> 00:01:18.660 on one side you have success, 00:01:18.660 --> 00:01:21.090 and on the other side, it's failure. 00:01:21.090 --> 00:01:23.673 But what i'd like to suggest is that's not the case, 00:01:23.673 --> 00:01:26.744 and if we're able to understand failure, 00:01:26.744 --> 00:01:30.404 and failing well, and create a failing well culture, 00:01:30.404 --> 00:01:34.178 well then we can create the best path to success. 00:01:34.178 --> 00:01:35.681 But to do that, unfortunately, 00:01:35.681 --> 00:01:39.758 we have to make a very big shift in our perspectives. 00:01:39.758 --> 00:01:41.662 It's quite difficult. It's not easy to start 00:01:41.662 --> 00:01:44.060 thinking positively about failures. 00:01:44.060 --> 00:01:45.972 We need to embrace failures. 00:01:45.972 --> 00:01:48.842 What we tend to do is we tend to ignore them, 00:01:48.842 --> 00:01:53.088 or hide them, just pretend they're not happening. 00:01:53.088 --> 00:01:56.072 If we do that, we're unable to take the information 00:01:56.072 --> 00:01:58.173 that comes from mistakes, 00:01:58.173 --> 00:01:59.759 and we're able to take this information 00:01:59.759 --> 00:02:03.294 and use it well on our path to success. 00:02:03.294 --> 00:02:06.454 Basically, I'm gonna give you this very simple quotation 00:02:06.454 --> 00:02:08.590 from Aldous Huxley, I like it very much. 00:02:08.590 --> 00:02:11.106 "Experience is not what happens to you. 00:02:11.106 --> 00:02:14.350 It is what you do with what happens to you." 00:02:14.350 --> 00:02:19.001 In other words, we need to use what happens, and apply what happens, 00:02:19.001 --> 00:02:21.219 rather than pretending something 00:02:21.219 --> 00:02:23.891 that goes wrong hasn't happened. 00:02:23.891 --> 00:02:27.246 And i'd like to begin by showing you that this already exists 00:02:27.246 --> 00:02:32.440 by taking a particular industry that is failure obsessive. 00:02:32.452 --> 00:02:35.100 Everything it does is linked to failure, 00:02:35.100 --> 00:02:37.250 and so it's part of it's culture. 00:02:37.250 --> 00:02:43.000 Why? Well, because if it doesn't manage the small mistakes 00:02:43.000 --> 00:02:48.595 then unfortunately, the result is very strong. 00:02:48.595 --> 00:02:50.393 It's the nuclear industry. 00:02:50.393 --> 00:02:52.531 They have the safest safety record 00:02:52.531 --> 00:02:54.724 of any industry and just as well 00:02:54.724 --> 00:02:57.973 because if they make a big mistake, a disaster 00:02:57.973 --> 00:03:00.844 then many people are killed across continents, 00:03:00.844 --> 00:03:03.951 and also it's a long term disaster. 00:03:03.951 --> 00:03:05.493 So what have they done? 00:03:05.493 --> 00:03:08.395 They got obsessive about mistakes. 00:03:08.395 --> 00:03:11.445 They've started to understand that using mistakes in order 00:03:11.445 --> 00:03:17.449 to stop disasters is the only way to keep safety an absolute premium. 00:03:17.449 --> 00:03:19.567 I'll just show you, just very briefly, 00:03:19.567 --> 00:03:24.382 four main summaries that they've come up with. 00:03:24.382 --> 00:03:30.160 First one, everyone, is responsible for the mistakes. 00:03:30.160 --> 00:03:33.650 Everyone is responsible as they're part of the process. 00:03:33.650 --> 00:03:36.606 Now, once you've understood that everyone's responsible, 00:03:36.606 --> 00:03:39.807 then it gets easier to create an open environment, 00:03:39.807 --> 00:03:41.766 where people are communicating openly 00:03:41.766 --> 00:03:46.555 about what's gone right, and what's gone wrong as well. 00:03:46.555 --> 00:03:50.352 That takes us on to the third idea, and the third idea is questioning. 00:03:50.352 --> 00:03:53.683 It doesn't matter who tells you to do something. 00:03:53.683 --> 00:03:58.314 It doesn't matter how often the process has been followed. 00:03:58.324 --> 00:04:01.553 You can always question that person. 00:04:01.553 --> 00:04:05.498 If the idea is to try and understand and keep safety high. 00:04:05.498 --> 00:04:08.555 And finally, everything that comes out, 00:04:08.555 --> 00:04:12.042 especially the mistakes are shared. 00:04:12.042 --> 00:04:13.688 You can notice that this is from 00:04:13.688 --> 00:04:16.265 the Institute of Nuclear Power Operations. 00:04:16.265 --> 00:04:17.135 What does that mean? 00:04:17.135 --> 00:04:20.767 It's a sector-wide idea. 00:04:20.767 --> 00:04:24.356 In other words, we don't keep our information to ourselves. 00:04:24.356 --> 00:04:28.121 We share it amongst everyone, all the competitors. 00:04:28.121 --> 00:04:29.794 Now that's pretty interesting. 00:04:29.794 --> 00:04:32.876 But where's the link between mistakes and disasters? 00:04:32.876 --> 00:04:35.539 Well, to do that, I'm going to show you this. 00:04:35.553 --> 00:04:37.128 This is the accident pyramid, 00:04:37.128 --> 00:04:41.251 it comes from a very different sector, the insurance sector. 00:04:41.251 --> 00:04:45.834 The insurance sector basically it's based on failure. 00:04:45.834 --> 00:04:48.589 It has business from failure. 00:04:48.589 --> 00:04:52.033 This pyramid behind me, it's about a 100 years old. 00:04:52.033 --> 00:04:55.644 They've updated [it]. What you see, on the screen behind me 00:04:55.644 --> 00:04:58.616 is 2003 figures, something like that. 00:04:58.616 --> 00:05:01.188 What's important is not the exact figure, 00:05:01.188 --> 00:05:03.237 what's important is the relationship. 00:05:03.237 --> 00:05:05.501 We'll begin with the yellow pieces, okay? 00:05:05.501 --> 00:05:07.126 We'll start with first aid. 00:05:07.126 --> 00:05:08.547 What does first aid mean? 00:05:08.547 --> 00:05:10.480 It means that, according to this, 00:05:10.480 --> 00:05:16.787 300 examples of people going to get bandages, medicine -- 00:05:16.787 --> 00:05:18.297 In other words, they've cut their finger, 00:05:18.297 --> 00:05:20.770 they're not feeling well, from the company, okay? NOTE Paragraph 00:05:20.770 --> 00:05:27.368 So the company administers medicines, and so on to help people. 00:05:27.381 --> 00:05:30.461 Next one up, 30 - severe accidents. 00:05:30.461 --> 00:05:33.015 How do companies see severe accidents? 00:05:33.015 --> 00:05:35.251 Well, usually it means that you've spent 00:05:35.251 --> 00:05:38.354 at least 1 day away from work. 00:05:38.354 --> 00:05:41.686 But, you can imagine, that's a wide range of accidents. 00:05:41.686 --> 00:05:43.239 So it could be breaking your leg, 00:05:43.239 --> 00:05:45.835 it could be a serious illness, and so on. 00:05:45.835 --> 00:05:48.943 And unfortunately, 1 at the top, is fatality, 00:05:48.956 --> 00:05:51.739 and fatality means fatality. 00:05:51.739 --> 00:05:54.751 Now why all of this, and why in yellow? 00:05:54.751 --> 00:05:58.083 Well, yellow represents the reported incidents. 00:05:58.083 --> 00:06:01.657 In other words, companies looking at the number of accidents. 00:06:01.657 --> 00:06:04.291 They're trying to understand, how can we bring that down? 00:06:04.291 --> 00:06:06.006 How's it possible to bring that down? 00:06:06.006 --> 00:06:10.004 Especially, the severe accidents, and fatalities. 00:06:10.004 --> 00:06:13.640 We can have processes, we can have rules. 00:06:13.640 --> 00:06:15.568 But how can we really bring it down? 00:06:15.568 --> 00:06:17.100 How we can make a difference? 00:06:17.100 --> 00:06:19.823 And the answer is: the big numbers at the bottom. 00:06:19.823 --> 00:06:21.340 So let's have a look. 00:06:21.340 --> 00:06:24.713 We'll begin with the biggest number, 300,000. 00:06:24.713 --> 00:06:26.580 those are risky behaviors, 00:06:26.580 --> 00:06:29.049 in other words, doing something -- 00:06:29.049 --> 00:06:31.256 when you shouldn't really be doing it. 00:06:31.256 --> 00:06:33.455 So you're tired, you're stressed out, 00:06:33.455 --> 00:06:35.929 you're not concentrated. 00:06:35.929 --> 00:06:37.420 And the next one up, 3,000. 00:06:37.420 --> 00:06:39.911 Well, that's near misses, in other words, 00:06:39.911 --> 00:06:43.645 a chain of risky behaviors, 1, 2, 3, 4. 00:06:43.645 --> 00:06:46.618 That would be a disaster unless it were for luck. 00:06:46.618 --> 00:06:49.570 So we were lucky not to have a disaster. 00:06:49.570 --> 00:06:51.494 Okay, so that's the idea! 00:06:51.494 --> 00:06:55.926 And the basic idea is if we can manage the 3,000 and the 300,000, 00:06:55.926 --> 00:07:01.047 we can reduce the really tough things in the yellow. 00:07:01.047 --> 00:07:04.287 That's the idea, but, and here's the big but. 00:07:04.287 --> 00:07:06.429 In order to be able to manage 00:07:06.429 --> 00:07:10.134 the big numbers at the bottom, we need people to tell us. 00:07:10.134 --> 00:07:12.737 Because in the white it's the not reported. 00:07:12.753 --> 00:07:16.013 It's people keeping mistakes to themselves. 00:07:16.013 --> 00:07:17.955 Now I thought, okay, that's interesting! 00:07:17.955 --> 00:07:19.032 That's about industries! 00:07:19.032 --> 00:07:22.786 But can we apply this to everything, to life? 00:07:23.694 --> 00:07:25.588 And it turns out, we can! 00:07:25.588 --> 00:07:28.595 We can apply this accident pyramid to anything. 00:07:28.595 --> 00:07:33.179 So I decided to apply it to something a disaster I brought for you, 00:07:33.179 --> 00:07:35.080 which is my marriage, okay? 00:07:35.080 --> 00:07:38.616 Now, before we have a look at my marriage, 00:07:38.616 --> 00:07:40.069 in terms of the accident pyramid, 00:07:40.069 --> 00:07:43.088 I'm just gonna ask, is anyone else in the audience, 00:07:43.088 --> 00:07:46.007 have you ever finished a long term relationship? 00:07:46.007 --> 00:07:48.708 If you have, just put your hand in the air, just so I understand. 00:07:48.708 --> 00:07:51.474 Fantastic! Oh, just people in the front apparently, not in the back. 00:07:51.474 --> 00:07:53.034 Okay, good! 00:07:53.034 --> 00:07:56.922 So if you have ever finished a long term relationship, 00:07:56.922 --> 00:07:59.003 you can play along with me, okay? 00:07:59.003 --> 00:08:02.005 The others, you're just gonna have to imagine. 00:08:02.005 --> 00:08:03.212 So, let's begin. 00:08:03.212 --> 00:08:05.227 My personal accident pyramid. 00:08:05.227 --> 00:08:07.948 Risky behaviors, 300,000. 00:08:07.948 --> 00:08:09.220 Wow, that's a lot. 00:08:09.220 --> 00:08:14.585 Examples, well, it could be drinking the beer directly out of the bottle. 00:08:14.585 --> 00:08:19.299 It could be forgetting my mother-in-law's birthday. 00:08:19.299 --> 00:08:23.249 It could be paying electricity bill late, so I have to pay extra. 00:08:23.249 --> 00:08:24.936 Something like that, okay? 00:08:24.936 --> 00:08:26.484 Fine, next one up. 00:08:26.484 --> 00:08:29.944 Near misses, well that's a chain of risky behaviors, 00:08:29.944 --> 00:08:32.775 where basically, there would be a big argument 00:08:32.775 --> 00:08:36.934 if it were not for the situation so maybe my wife and myself, 00:08:36.956 --> 00:08:40.740 we find ourselves in a public place, in a theater, so we can't argue. 00:08:40.740 --> 00:08:43.770 We're in front of my parents. That's basic idea. 00:08:43.770 --> 00:08:44.626 Let's go up to 300. 00:08:44.626 --> 00:08:47.315 Oh well, that's when there's screaming arguments, okay? 00:08:47.315 --> 00:08:50.805 So that's when there's a difference of opinion. 00:08:50.805 --> 00:08:53.088 I think is what I'd say. 00:08:53.088 --> 00:08:54.418 We go up to 30. 00:08:54.418 --> 00:08:56.858 30 I put out as walking out of the house, 00:08:56.858 --> 00:09:01.585 but you can also include, if you wish, slamming doors, and so on. 00:09:01.585 --> 00:09:04.178 And finally, number 1. That's a letter from her lawyer 00:09:04.178 --> 00:09:06.911 saying I want a separation, okay? 00:09:06.911 --> 00:09:10.702 So, I thought, well -- 00:09:10.702 --> 00:09:12.702 How did that happen there? 00:09:12.702 --> 00:09:16.002 I mean we didn't get married for us to get divorced, right? 00:09:16.002 --> 00:09:17.709 So how did that happen? 00:09:17.709 --> 00:09:20.498 And it turns out that the best way for me 00:09:20.498 --> 00:09:26.345 to have managed this disaster is exactly the same ideas 00:09:26.345 --> 00:09:28.671 that the nuclear industry had. 00:09:28.671 --> 00:09:30.163 That's amazing! 00:09:30.163 --> 00:09:34.095 Everyone in the relationship is responsible for the process. 00:09:34.095 --> 00:09:37.297 Openness means open communication, 00:09:37.297 --> 00:09:39.611 and so giving feedback, 00:09:39.611 --> 00:09:42.800 questioning whatever it is is useful, 00:09:42.800 --> 00:09:44.480 and finally constant learning 00:09:44.480 --> 00:09:46.695 in order to help yourself get to, 00:09:46.695 --> 00:09:49.512 in this case, a successful situation. 00:09:49.512 --> 00:09:53.965 So, if it's so obvious, why don't we do it? 00:09:53.965 --> 00:09:58.063 Well, David Ledbetter spoke about you are what you share. 00:09:58.063 --> 00:10:00.317 And an interconnected world, 00:10:00.317 --> 00:10:02.587 there is so much potential for sharing. 00:10:02.587 --> 00:10:06.527 But we're afraid of sharing information. 00:10:06.532 --> 00:10:08.871 We're afraid either in relationships, 00:10:08.871 --> 00:10:11.389 or in a much bigger situation, 00:10:11.389 --> 00:10:13.495 in organizations as well. 00:10:13.495 --> 00:10:14.358 Why is that happening? 00:10:14.358 --> 00:10:19.110 Well, I'm going to suggest that it's a question of timing. 00:10:19.130 --> 00:10:24.961 There's a basic idea that short term is ever more important. 00:10:25.531 --> 00:10:28.194 In other words, you're looking just at the next quarter. 00:10:28.194 --> 00:10:29.551 What's happening at the next quarter 00:10:29.551 --> 00:10:31.727 we're not looking ahead enough. 00:10:31.727 --> 00:10:36.510 And short-termism has permeated society. 00:10:36.510 --> 00:10:37.852 But this is a problem, 00:10:37.852 --> 00:10:39.569 Because basically, at this point, 00:10:39.569 --> 00:10:42.116 where's the innovation coming from? 00:10:42.116 --> 00:10:44.771 Where's the learning coming from? 00:10:44.771 --> 00:10:47.873 Where's showing initiative coming from? 00:10:47.873 --> 00:10:50.773 Basically, ladies and gentlemen, very often it seems 00:10:50.773 --> 00:10:54.622 that we're paid to not make mistakes. 00:10:54.622 --> 00:10:57.714 But you know, if you are paid to not make mistakes 00:10:57.714 --> 00:10:59.963 then how are we gonna go forward? 00:10:59.963 --> 00:11:02.134 How's that possible? 00:11:02.134 --> 00:11:04.537 And a correlation to not making mistakes, 00:11:04.537 --> 00:11:08.891 ladies and gentlemen, unfortunately, is the blame culture. 00:11:08.891 --> 00:11:13.028 The blame culture when there is a mistake is this finger pointing. 00:11:13.028 --> 00:11:14.744 It's your fault. 00:11:14.744 --> 00:11:16.974 And so what we can do is we can 00:11:16.974 --> 00:11:19.058 put the responsibility on to a person. 00:11:19.058 --> 00:11:22.870 We can attribute the problems to a person. 00:11:22.870 --> 00:11:25.471 But does that mean the problems have gone away? 00:11:25.471 --> 00:11:28.086 Probably not, probably not. 00:11:30.410 --> 00:11:32.732 What all of this has caused, ladies and gentlemen, 00:11:32.732 --> 00:11:35.850 is if I make a mistake, it's probably best to me 00:11:35.850 --> 00:11:39.129 to shut up, to keep quiet, 00:11:39.129 --> 00:11:42.088 and this creates cover ups. 00:11:42.088 --> 00:11:43.316 And what the cover ups do? 00:11:43.316 --> 00:11:48.161 Well, cover ups create the potential for systemic disasters. 00:11:48.161 --> 00:11:50.682 That's the fatality at the top. 00:11:50.682 --> 00:11:52.862 I'll give you some examples. 00:11:52.862 --> 00:11:57.236 1986, this is a technological disaster. 00:11:57.236 --> 00:12:01.197 Space shuttle Challenger disaster. 00:12:01.197 --> 00:12:05.693 Logistics, how about the Denver international airport 00:12:05.693 --> 00:12:09.735 automatic baggage handling system. 00:12:09.735 --> 00:12:14.268 It went more than half a million dollars over budget. 00:12:14.268 --> 00:12:18.238 It failed to deliver for 10 years, and finally, it was stopped. 00:12:18.238 --> 00:12:21.112 A little bit more recent the environmental disaster 00:12:21.112 --> 00:12:24.620 that came out of the deep water horizon. 00:12:24.620 --> 00:12:26.612 All of these are systemic disasters 00:12:26.612 --> 00:12:29.228 but maybe the biggest one, 00:12:29.228 --> 00:12:30.685 is something we're living through right now, 00:12:30.685 --> 00:12:32.728 which is the financial crack. 00:12:32.728 --> 00:12:34.147 What you can see behind me, 00:12:34.147 --> 00:12:38.126 is the Economist front cover. 00:12:38.126 --> 00:12:42.082 But my question to you is: which year do you think this is? 00:12:42.082 --> 00:12:44.290 2008? 2010? 00:12:45.721 --> 00:12:50.072 No, actually, unfortunately, it's November 1997. 00:12:50.072 --> 00:12:53.356 You see, we're not very good at learning from failures. 00:12:53.362 --> 00:12:57.387 We tend to sort of forget them, ignore them. 00:12:57.387 --> 00:13:00.427 Let me try and put everything together, in synthesis. 00:13:00.441 --> 00:13:04.938 Well, in a perfect world, everything would be right, 00:13:04.938 --> 00:13:07.597 and we'd understand, and that would be wonderful. 00:13:07.607 --> 00:13:10.229 But we don't live in a perfect world! 00:13:10.229 --> 00:13:12.378 Let's take the opposite. 00:13:12.378 --> 00:13:16.579 I do something, it doesn't go right, and I don't understand why. 00:13:16.579 --> 00:13:19.358 And probably, I don't want to understand why, 00:13:19.358 --> 00:13:23.698 because failing is bad. So I'll just forget it! 00:13:23.698 --> 00:13:29.692 Short term pressure makes us feel 00:13:29.692 --> 00:13:33.002 that what's come up now is the answer. 00:13:33.002 --> 00:13:37.104 In other words, you're successful, but it's not important 00:13:37.104 --> 00:13:39.892 how or why you were successful. 00:13:39.892 --> 00:13:43.755 And very often, short-termism means you were lucky. 00:13:45.017 --> 00:13:47.341 Well, that's good for the immediate result. 00:13:47.341 --> 00:13:49.061 But there's a problem. And the problem is -- 00:13:49.061 --> 00:13:52.624 you don't know how to repeat it, and probably what we're doing is, 00:13:52.628 --> 00:13:55.630 we're sewing the seeds to an eventual disaster. 00:13:55.630 --> 00:13:57.844 So what I'm going to suggest this afternoon 00:13:57.844 --> 00:14:02.321 is why not think about short term mistakes 00:14:02.330 --> 00:14:04.384 being an important part of learning 00:14:04.384 --> 00:14:06.385 to get to the overall goal? 00:14:06.385 --> 00:14:09.679 In other words, shifting, moving from this idea 00:14:09.679 --> 00:14:12.161 of successful - unsuccessful, 00:14:12.161 --> 00:14:17.004 to why we are successful or unsuccessful. 00:14:17.004 --> 00:14:18.354 That's the basic idea. 00:14:18.354 --> 00:14:19.918 So, let me put it all together. 00:14:19.918 --> 00:14:22.887 What have I learned from failure? 00:14:22.887 --> 00:14:24.071 I've learned these things here. 00:14:24.071 --> 00:14:27.586 First, failing well means learning, 00:14:27.586 --> 00:14:30.638 especially the difficult feedback. 00:14:30.638 --> 00:14:33.439 In fact if you can take something from the difficult feedback, 00:14:33.458 --> 00:14:36.240 that's usually the most important information. 00:14:36.240 --> 00:14:38.477 Second one, if you're too short term 00:14:38.477 --> 00:14:40.069 about how you see things, 00:14:40.069 --> 00:14:43.467 you're probably creating, without knowing it, 00:14:43.467 --> 00:14:46.547 the basis for a long term disaster. 00:14:46.547 --> 00:14:49.670 Third, accountability doesn't mean punishing people, 00:14:49.670 --> 00:14:53.747 it menas understanding you're part of the process. 00:14:53.747 --> 00:14:57.846 And finally, if we can create a no blame culture, 00:14:57.846 --> 00:15:02.284 basically, we automatically have more openness. 00:15:02.284 --> 00:15:04.705 So there's much more information that comes out. 00:15:04.705 --> 00:15:07.083 Now, I can't do this by myself. 00:15:07.083 --> 00:15:11.799 I can't create a failing well culture by myslef. 00:15:11.814 --> 00:15:13.362 So, I need some activists. 00:15:13.362 --> 00:15:16.361 And I thought I'd start with 600 people today, okay? 00:15:16.363 --> 00:15:18.088 So I know you're busy today. 00:15:18.088 --> 00:15:21.102 So, as of tomorrow, ladies and gentlemen, 00:15:21.102 --> 00:15:23.791 let's all start failing well. 00:15:23.791 --> 00:15:24.677 Thank you very much! 00:15:24.677 --> 00:15:27.482 (Applause) 00:15:31.144 --> 00:15:32.990 Host: Now, Tim, I have one question. 00:15:32.990 --> 00:15:35.776 We're in European, Western society 00:15:35.776 --> 00:15:38.594 and most of your examples, nuclear and so on, 00:15:38.594 --> 00:15:41.714 were from this society, this culture. 00:15:41.714 --> 00:15:44.201 Do these messages apply across cultures? 00:15:44.201 --> 00:15:46.482 TB: Yes, it's a very good question! 00:15:46.482 --> 00:15:48.248 In terms of short-termism. 00:15:48.248 --> 00:15:50.431 So this idea of just looking at the next quarter, 00:15:50.431 --> 00:15:53.688 that's very much an idea of the western world. 00:15:53.688 --> 00:15:57.308 But the idea of cover ups, is world-wide. 00:15:57.314 --> 00:16:00.659 It links to how much information 00:16:00.659 --> 00:16:03.840 is power if you retain it or you share it. 00:16:03.840 --> 00:16:06.318 But let's say what's underlying everything. 00:16:06.318 --> 00:16:07.716 So in other words, what goes across cultures, 00:16:07.716 --> 00:16:10.089 is the idea of embarrassment and shame, 00:16:10.089 --> 00:16:12.007 which changes from culture to culture. 00:16:12.007 --> 00:16:13.812 So, in the eastern cultures, 00:16:13.812 --> 00:16:17.675 shame would be looking bad in front of the group 00:16:17.675 --> 00:16:19.938 whilst generally in the west -- 00:16:19.938 --> 00:16:21.470 It's shame feeling. 00:16:21.470 --> 00:16:23.722 I'm unable to do something - the individual, 00:16:23.722 --> 00:16:25.580 So yes, the basic idea. 00:16:25.580 --> 00:16:27.721 But how we would change that 00:16:27.721 --> 00:16:29.925 that's gonna change from culture to culture. 00:16:29.925 --> 00:16:31.981 Host: Okay, thank you very much! Tim Baxter. 00:16:31.981 --> 00:16:34.700 (Applause)