We recently blogged about the importance of learning from failures in order to achieve success. It was a short post, so here is a follow-up. I just finished reading “10 Ways Failure Leads to Success” on BNET. I love one of the thoughts in the post:
Unfortunately, many leaders seem to be allergic to the whole idea of admitting failure. Iâ€™ve seen it dozens of times with business leaders, political leaders, CEOs, and executives.
Here are a few of the items from their list:
- Change management. Ever try changing a company system or process that involves lots of people? If you have, then youâ€™ve failed. And if you didnâ€™t learn from it, then youâ€™re still no good at it.
- Managing people. I donâ€™t care what business schools say; you donâ€™t learn this in school. You learn it on the job by making mistakes and learning what works and what doesnâ€™t. Period.
- Strategic planning. Any strategic planning process must begin with an analysis of whatâ€™s working and what isnâ€™t. The â€œWâ€ in SWOT stands for weaknesses, and with good reason.
- Post mortems. If you donâ€™t do post mortems on lost customers and failed product launches and marketing campaigns, youâ€™re far less likely to get it right the next time.
Be sure to read the BNET article for the entire list.