“If you keep trying, learning from your failures, you are more likely to seize new opportunities.” This is a request from Lotte Chairman Shin Dong-bin in his New Year's Address for 2022.
“Attempts for innovation are essential for future growth, but it is natural that there is a high probability of failure because the past success methods cannot be utilized,” said Chairman Shin.
Chairman Shin emphasized the active challenge for innovation, saying, “The achievements we have achieved so far have been made possible through numerous challenges and failures.”
"Attempts for innovation are essential for future growth, but it is natural that there is a high probability of failure because the past success methods cannot be utilized," Chairman Shin continued. “If you learn from failure and keep trying, you will be more likely to seize new opportunities.”
He emphasized that in order to create a challenging culture, the organization's openness and diversity, strong execution power, and investment from a future perspective must be supported.
“In a converged environment, a thorough performance-oriented culture must be established so that the best talent can demonstrate their capabilities regardless of seniority, gender, delay or academic background," He also said. "Diversity is our competitive edge and will become a source of energy to challenge.”
Chairman Shin concluded his New Year's address by quoting Wayne Gretzky, who is considered the best player in ice hockey history, "You miss one hundred percent of the shots you don't take."
