The Financial Times and Schroders today announced that Amy Edmondson is the winner of the 2023 Business Book of the Year Award for Right Kind of Wrong: Why Learning to Fail Can Teach Us to Thrive, published by Cornerstone Press (UK), Atria (US), about ‘intelligent failure’ and how to take more sensible risks.
The Award recognises a work which provides the ‘most compelling and enjoyable insight into modern business issues’. It was awarded today to the winner at a ceremony at Claridge’s in London, hosted by the Editor of the Financial Times and chair of the panel of judges, Roula Khalaf, Schroders Group Chief Executive Peter Harrison and Nikkei Inc. Managing Director, Daisuke Arakawa. The keynote speaker at the event was Lord Sedwill, Chairman: Atlantic Future Forum and Geopolitical Advisory, Rothschild & C, former UK Cabinet Secretary and National Security Adviser.
Right Kind of Wrong saw off strong competition from a shortlist of titles with subjects ranging from the advance of artificial intelligence to the relentless pressure on natural resources. Amy Edmondson will receive a prize of £30,000, with £10,000 going to each of the five runners-up.
Roula Khalaf, Editor, Financial Times said, “Amy Edmondson lays out a powerful framework for how to learn from failure and deal with risk. Right Kind of Wrong is a highly readable and relevant book, with important lessons for leaders and managers everywhere.”
Schroders Group Chief Executive Peter Harrison said: “Failure often lies behind progress but is ‘failing fast’ really a good thing or simply a cliché? Amy Edmondson’s Right Kind of Wrong provides clarity and practical prescription to address the issues businesses face every day. It is invaluable reading.”
The judging panel for the 2023 Financial Times Business Book of the Year Award, chaired by Roula Khalaf, comprised:
- Mimi Alemayehou, Founder and Managing Partner, Semai Ventures LLC
- Daisuke Arakawa, Managing Director, Nikkei Inc.
- Mitchell Baker, Chief Executive Officer, Mozilla Corporation, Chairwoman, Mozilla Foundation
- Peter Harrison, Group Chief Executive, Schroders
- Herminia Ibarra, Charles Handy Professor of Organisational Behaviour, London Business School
- James Kondo, Chairman, International House of Japan
- Randall Kroszner, Norman R. Bobins Professor of Economics, University of Chicago’s Booth School of Business
- Shriti Vadera, Chair, Prudential Plc and Royal Shakespeare Company