Amy Edmondson clinched the Financial Times and Schroders Business Book of the Year Award for her book “Right Kind of Wrong,” which explores the art of learning from failure and taking more informed risks.
Edmondson’s winning book stood out to the judges due to its methodical and visually engaging exploration of the concept of “intelligent failure.” It also critically examines the prevailing trend of glorifying failure, which often captivates entrepreneurs and innovators.
Renowned for her research on “psychological safety” at Harvard Business School, Edmondson achieved a notable milestone with “Right Kind of Wrong” as the first mainstream management book to secure the £30,000 award in its 19th year.
Roula Khalaf, editor of the FT and chair of the judging panel, commended the book as “highly readable and relevant,” offering crucial insights for leaders and managers worldwide. The book supports its arguments with significant case studies, ranging from early heart transplants to the Boeing 737 Max crashes.
Peter Harrison, CEO of Schroders and a judge, praised the book for providing “clarity and practical prescription” to address the everyday challenges faced by businesses. This achievement marks the inaugural year of a new three-year business book award partnership between asset manager Schroders and the Financial Times.
