Does your team have a failure fund?

Most leadership teams aren’t short on intelligence. They’re short on space to think. This article is about fixing that — in two hours, with no prep required.

Long, long time ago…….

A long time ago we invented Bookbuzz.  A mechanism to merge leadership teams with the latest business thinking, with books as a platform for dialogue and problem solving. We did well. We had a weekly slot on national radio (Newstalk), we worked with a number of very interesting and progressive companies, and the feedback was excellent. The book was always the excuse to get smart people in a room. We’ve kept the room and changed the format.

Bookbuzz 4.0

Lately my long-time collaborator Alan Jordan and I have been working on a Bookbuzz 4.0. The book as the platform is out. Bookbuzz AI and session recording are in. Participants do not have to prepare anything. Two hours. A theme. It starts with a 20 minute information briefing based on the latest businss books (we do the reading for you), horizon scanning, trends, research, etc.Followed by dialogue, discussion, question storming and a report you can feed your own AI to further expand the thinking. The mechanism remains the same. We are using trusted sources, high-quality signals, questions, tensions, weak signals, uncomfortable possibilities and informed provocation to get your people to think at the highest level.We discussed various concepts. “Time to think”. “Spark session”. “White space”. “Slow flow on steroids”. We landed on mental sandboxing.

Here is some of our thinking (and love your feedback):

Mental sandboxing: the cheapest experiment you’ll ever run

Every innovation director tells me the same thing.”We experiment all the time.” “We fail fast.””We test and learn.” So I ask one question: what is your failure fund? How much money are you actually allowed to lose this year, on purpose, while being wrong?

The room usually goes quiet. Because there isn’t one. Real experiments cost real money, real people, real attention and real political capital. The opportunity cost is always too high. So everyone agrees experimentation matters, and almost nobody does it. The problem is not that you are not thinking. The problem is that you have nowhere to think.

We think that leadership has run out of space

Most leadership teams have not run out of intelligence. They have run out of space. Every minute is accounted for. Every meeting is already full. Every conversation is dragged back to delivery, performance, targets, risk, people problems and whatever caught fire this week. But the one thing a business runs on — looking up, looking ahead, asking “what if?” — has nowhere to happen.

Get out of your comfort zone has lost its meaning

We have been told to “get out of the comfort zone” so often that the phrase has gone soft. But it still means something. Growth lives just past the edge of comfortable. Getting there is difficult. Almost nobody volunteers for discomfort when the current system rewards certainty, delivery and staying on script. So comfort wins by default. Every day.

The real question we asked ourselves: what if strategic discomfort could be made safe?

Imagine a sandbox

In software, a sandbox is a protected space where you can run code without damaging the live system. You can test the unstable version. Break things. Try the stupid idea. Run the scenario that might crash everything. Nothing real gets hurt.

Mental sandboxing is the same idea for strategy. It is a protected, facilitated, time-boxed space where a leadership team can think before it commits. Not brainstorm in the shallow sense. Not another away day with Post-its and polite consensus. A real strategic rehearsal space. A room to stretch the thinking before the organisation spends money, burns trust or locks itself into the wrong path.

Think first. Spend later.

The cheapest experiment in the world

Mental sandboxing may be the cheapest serious experiment available to a leadership team, because the main thing it spends is attention. You do not need a million euros to be allowed to fail when the failure happens in your head.

You can test the idea that would be insane to fund. You can explore the market shift nobody wants to name. You can ask what happens if your current advantage disappears. You can run the ten-year threat, the regulatory shock, the AI-native competitor, the collapsing margin, the talent revolt, the platform move, the customer behaviour shift.

Most of those thoughts will go nowhere. Good. That is the point. Most strategic possibilities are bad. Some are premature. Some are fantasy. Some are distractions. But one of them may be early, uncomfortable and important. That one pays for the exercise.

Safely uncomfortable

If done properly, you do not leave the room reassured. You leave safely uncomfortable. You leave facing the gap you already suspected was there, but were too busy to look at. The gap between how fast the world is moving and how far ahead your leadership team is actually thinking. The gap between your stated ambition and your current operating rhythm. The gap between the strategy on paper and the future it is supposed to survive.

A rally driver does not read the road one metre ahead of the car. At speed, that is suicide. They read the corner far ahead because there is no other way to stay alive. Most boards are driving with their nose on the windscreen, about to miss the corner.

Slow down before you go fast

Mental sandboxing is not another list of things to do. You already have one of those, and you are probably not getting to it. It is the part before the fixing. The part most leadership teams skip because it feels indulgent, ambiguous and uncomfortable. The part where you make sense of what is changing before you rush to respond. The part where you ask better questions before you commit to expensive answers. Skip that part and the execution suffers anyway. You cannot act intelligently on a three-year strategy if you have never let yourself imagine the ten-year world it has to survive in.

Not for everyone

So ask yourself honestly: is your leadership thinking stretched far enough? Or is every hour of every leadership meeting already consumed by today? If you genuinely have this covered, carry on. But if part of you knows your team is not looking far enough ahead, create the space. And space is something you can build on purpose.

We’re running a handful of these this quarter with teams we know while we sharpen the format. If you’d like yours to be one of them, DM us.

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