Most employees look to own parts of larger projects where the returns are modest and a low potential failure rate.
Most manager look to own projects that may return a modest multiple of their budget with a 80% chance of success.
There are few executives that will target an opportunity that is 100x their budget with a 20% chance of success.
To the company the third group of employees are much more valuable than the first and second because the returns on the winners vastly exceed the cost of the losers. Individuals however are cognitively biased against personal failure so it is hard to find individuals that will swing for the fences (and who can also convince people in group 1 and 2 to work for them).
Good companies create frameworks where it is okay to fail (i.e. doesn’t impact your job, advancement prospects, etc). Unfortunately that is difficult and it generally is easier to hire sociopaths (no joke).
Most manager look to own projects that may return a modest multiple of their budget with a 80% chance of success.
There are few executives that will target an opportunity that is 100x their budget with a 20% chance of success.
To the company the third group of employees are much more valuable than the first and second because the returns on the winners vastly exceed the cost of the losers. Individuals however are cognitively biased against personal failure so it is hard to find individuals that will swing for the fences (and who can also convince people in group 1 and 2 to work for them).
Good companies create frameworks where it is okay to fail (i.e. doesn’t impact your job, advancement prospects, etc). Unfortunately that is difficult and it generally is easier to hire sociopaths (no joke).