Learning from Failure: The Mojo of Great Companies

Learning from Failure: The Mojo of Great Companies What is it that successful and growing companies know that your company might not be doing? These companies embrace work failures by treating them as strategic opportunities to learn. After all, failure is an inherent outcome of any risk-taking. And in today’s business world, being risk averse is a dead-end. Reframing failure can also help boost your employer brand. Rewarding calculated risks creates an inherently more exciting workplace culture than the status quo; that type of culture will also help you attract quality people - people who know how to fail and bounce back quickly. To be clear, the mistakes we’re talking about don’t involve sending out proposals riddled with errors. We’re talking about attempting something – a marketing idea or a product innovation – having the effort ...


Shooting for the moon is a worthwhile goal if you're NASA. But as Harvard psychologist Amy Cuddy explains in a recent Big Think video, the average person will probably find more success (and happiness) if they shoot for just down the block — at least at first. The biggest mistake a lot of people make in setting goals for themselves, Cuddy says, is that they focus only on the outcome, not the process. Cuddy is an expert on human behaviour and the author of "Presence: Bringing Your Boldest Self to Your Biggest Challenges." She's conducted loads of research into tiny triggers that cause us to either take pride in our accomplishments or look back on our failings with regret and disappointment. She's found that ...


Leadership in Turbulent Times I know as much about change, turbulence and failure as I do about success. I did not start my career aspiring to run a steel company, nor did I plan to be a rather relentless breaker of barriers in business and in the community at large. What I have studied, what I have learned, and what I have lived in my journey and through the journey of my clients has given me a perspective that is resoundingly counter-intuitive because it is not focused on playing to strengths, but on using strengths, changes, challenges, stressors (even failures) as a lever for our greatest potential and results.Science confirms that our ability to inspire, empower and actualize our potential has never been greater; remember this, empower it, use it! Neuroscience ...


I failed...     In this short interview, author and guru Daniel Goleman interviews CEO Bill George who reveals insights into being successful in business. In fact, he says, 'Don’t promote someone to a high-level position until they've actually confronted themselves and said, “I failed.” At the end, Daniel invites you to 'weigh in' asking 'How did you handle an interview question about your past job failures?' This is a great chance to share your insights with him on LinkedIn. When former Medtronic CEO, Bill George, interviewed leadership candidates, he was interested in learning about both their failures and successes. After all, everyone has made mistakes on the job. But in George's mind, the best leaders are humble enough to recognize that they messed up, learn what not to do in the future, and develop resilience.