1 00:03:11,000 --> 00:03:16,853 Can you tell me about a time when you suffered a setback 2 00:03:16,853 --> 00:03:18,852 and had to maintain your enthusiasm? 3 00:03:18,852 --> 00:03:21,503 Sure. One definitely comes to mind. 4 00:03:21,503 --> 00:03:26,382 Last year a project for a new toy was in its final stages 5 00:03:26,382 --> 00:03:27,729 after two years of work. 6 00:03:27,729 --> 00:03:29,434 As we were looking at the branding 7 00:03:29,434 --> 00:03:31,486 and working up a final marketing plan, 8 00:03:31,486 --> 00:03:33,609 a competitor launched a version 9 00:03:33,609 --> 00:03:35,860 of the exact same toy that we were launching. 10 00:03:35,860 --> 00:03:41,498 As the leader of the project, I knew that my reaction would set the tone for the group. 11 00:03:41,498 --> 00:03:44,394 I acknowledged that it was a setback, 12 00:03:44,394 --> 00:03:48,086 but challenged the group to think of this as a blessing in disguise. 13 00:03:48,086 --> 00:03:51,695 I asked them to go out and buy the competitor’s product 14 00:03:51,695 --> 00:03:56,330 and make a list of anything they wished the toy could do that it didn’t. 15 00:03:56,330 --> 00:03:59,141 It turned out that the list was pretty long. 16 00:03:59,141 --> 00:04:01,420 We added these items to our toy, 17 00:04:01,420 --> 00:04:04,536 and launched a far superior product 6 months later. 18 00:04:04,536 --> 00:04:09,632 So, in many ways, the competitor’s product became the key to our success. 19 00:04:09,632 --> 00:04:12,153 That sounds like a great victory.