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How important is failure - yes, failure - to the health of a thriving, innovative business? So important that Ratan Tata, chairman of India's largest corporation, gives an annual award to the employee who comes up with the best idea that failed.

Naveen Jain

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Naveen Jain
Age: 65
Born: 1959
Born: September 6
Businessperson
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More quotes by Naveen Jain

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Neuroplasticity research showed that the brain changes its very structure with each different activity it performs, perfecting its circuits so it is better suited to the task at hand.
Naveen Jain
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My own philanthropic efforts have always included an educational element, whether it's expanding opportunities to educate a promising mind or extending the brain's ability to learn.
Naveen Jain
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I believe that incentivized prizing is the best solution to help unlock the answers to the some of the profound problems that plague our planet.
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The U.S. has spent billions of dollars on educating and supporting teachers or developing curricula but no resources are applied to 'improving the brain' that a student brings to the classroom.
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Each one of us has the power to be the change we want to see in the world, making the world a better place.
Naveen Jain
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The human brain works as a binary computer and can only analyze the exact information-based zeros and ones (or black and white). Our heart is more like a chemical computer that uses fuzzy logic to analyze information that can't be easily defined in zeros and ones.
Naveen Jain
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Call it the Tiger Mom effect: In the business world today, failure is apparently not an option.
Naveen Jain
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It's really easy to create a $1 billion company - you just have to solve a $10 billion problem.
Naveen Jain
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Just as physical exercise is a well-known and well-accepted means to improve health for anyone, regardless of age or background, so can the brain be put 'into shape' for optimal learning.
Naveen Jain
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Success is not about how much money we have in the bank, but it's about how many peoples' lives we have impacted through it. Success is experienced when we do things which are never done before.
Naveen Jain
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Go where your customers take you! For example, did you know that Sony's first product was a rice cooker? Since abandoning the rice cooker, it has merely managed to become the world's biggest consumer electronics company.
Naveen Jain
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Just think of the opportunities we can unlock by making education as addictive as a video game. This type of experiential, addictive learning improves decision-making skills and increases the processing speed and spatial skills of the brain. When was the last time your child asked for help with a video game?
Naveen Jain
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Great entrepreneurs focus intensely on an opportunity where others see nothing.
Naveen Jain
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Our education system was developed for an industrial era where we could teach certain skills to our children and they were able to use these skills for the rest of their lives working productively in an industry.
Naveen Jain
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I started off with a company, InfoSpace, with my own funding. The company was listed among the most successful companies and I went on to start Intelius and Moon Express. Now, I focus my time on using the skills of an entrepreneur to solve many of the grand challenges facing us in the areas of education, healthcare, clean water and energy.
Naveen Jain
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The United States of America became the envy of the world because we welcomed the best and brightest minds from anywhere on the planet and gave them the opportunity to succeed.
Naveen Jain
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As a child I experienced firsthand the severe effects of poverty and illiteracy, especially upon women and children. My parents taught me the importance of education and that it was a key to improving an individual's life.
Naveen Jain
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The real metric of success isn't the size of your bank account. It's the number of lives in whom you might be able to make a positive difference.
Naveen Jain
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In the business world today, failure is apparently not an option. We need to change this attitude toward failure - and celebrate the idea that only by falling on our collective business faces do we learn enough to succeed down the road.
Naveen Jain
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My parents didn't believe in luck. They believed in hard work and in preparing me to take advantage of opportunity. Like many parents, they taught me to be generous but never to depend on the generosity of others.
Naveen Jain