EP53: Mastering Psychological Safety

“Psychological safety is the belief that you can speak up without fear of humiliation or punishment. It’s essentially an environment where candor is expected. It’s not comfortable, it’s not easy, and it’s not an environment free from negative feedback. It’s a learning environment, and it’s being misused,” says Amy Edmondson, Novartis Professor at Harvard Business School. This week, Amy joins Alex Raymond to discuss how creating psychological safety within a team enables risk-taking, learning from mistakes, and driving entrepreneurial success. What does it mean to foster psychological safety? Amy introduces the idea of intelligent failures—those critical moments where mistakes become opportunities for learning, especially in new ventures. She clarifies that psychological safety isn’t about making everyone comfortable; it’s about promoting honest communication and openness. Leaders can cultivate this environment by modeling vulnerability and encouraging a problem-solving approach, shifting the focus away from blame. This episode also covers how to sustain psychological safety in remote work settings. Amy discusses the importance of structure and intentional engagement to keep teams connected. She shares practical advice on resilience, reminding us that failures should be seen as valuable lessons rather than personal defeats. Quotes “Part of the discipline of getting this right, of failing well, is to truly pause and appreciate what you are up against. Be realistic, even scientific about it… Failing well looks like being very thoughtful about the next risk you take and having good reason to believe it will pan out, which I think most entrepreneurs can identify with. Then, graciously acknowledging when that turns out to be wrong—that’s okay. That’s valuable new knowledge that you simply couldn’t have gotten any other way.” (04:38 | Amy Edmondson) “Psychological safety is the belief that you can speak up without fear of humiliation or punishment. It’s essentially an environment where candor is expected. It’s not comfortable, it’s not easy, and it’s not an environment free from negative feedback. It’s a learning environment, and it’s being misused.” (18:06 | Amy Edmondson) “You must connect with the very real truth that the failure of a company doesn’t make you a failure; it means you had a company that failed. That means you are wiser than you were right before that. That means you have a new, little bucket of knowledge that you lacked before. That’s a treasure—value it. Value it enough to, in fact, share it with others.” (39:02 | Amy Edmondson) Links Connect with Amy Edmondson: Website: https://amycedmondson.com/ Connect with Alex Raymond: LinkedIn: https://www.linkedin.com/in/afraymond/ Website: https://consciousentrepreneur.us/ HiveCast.fm is a proud sponsor of The Conscious Entrepreneur Podcast. Podcast production and show notes provided by HiveCast.fm