WEBVTT 00:03:11.000 --> 00:03:16.853 Can you tell me about a time when you suffered a setback 00:03:16.853 --> 00:03:18.852 and had to maintain your enthusiasm? 00:03:18.852 --> 00:03:21.503 Sure. One definitely comes to mind. 00:03:21.503 --> 00:03:26.382 Last year a project for a new toy was in its final stages 00:03:26.382 --> 00:03:27.729 after two years of work. 00:03:27.729 --> 00:03:29.434 As we were looking at the branding 00:03:29.434 --> 00:03:31.486 and working up a final marketing plan, 00:03:31.486 --> 00:03:33.609 a competitor launched a version 00:03:33.609 --> 00:03:35.860 of the exact same toy that we were launching. 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. 00:03:41.498 --> 00:03:44.394 I acknowledged that it was a setback, 00:03:44.394 --> 00:03:48.086 but challenged the group to think of this as a blessing in disguise. 00:03:48.086 --> 00:03:51.695 I asked them to go out and buy the competitor’s product 00:03:51.695 --> 00:03:56.330 and make a list of anything they wished the toy could do that it didn’t. 00:03:56.330 --> 00:03:59.141 It turned out that the list was pretty long. 00:03:59.141 --> 00:04:01.420 We added these items to our toy, 00:04:01.420 --> 00:04:04.536 and launched a far superior product 6 months later. 00:04:04.536 --> 00:04:09.632 So, in many ways, the competitor’s product became the key to our success. 00:04:09.632 --> 00:04:12.153 That sounds like a great victory.