Is failure essential for growth? | Vinod Kumar discusses with Toto Wolff

In a Formula 1 racing team, the mind-set is that failure is essential for renewal and you should always change a winning team. Does that work for other businesses? Tata Communications CEO Vinod Kumar discusses with Mercedes AMG Petronas Motorsport F1 team boss Toto Wolff the idea of an organization being ‘always in beta’; avoiding complacency by never accepting that something is finished, but in a process of continuous improvement, where you learn more from your bad days than the good ones. And should you celebrate success, or should leaders always focus on the next threat or challenge? http://tataco.ms/mercedes-amg