Failure Leads to Success

“Tolerating unavoidable process failures in complex systems and intelligent failures at the frontiers of knowledge won’t promote mediocrity. Indeed, tolerance is essential for any organization that wishes to extract the knowledge such failures provide. But failure is still inherently emotionally charged; getting an organization to accept it takes leadership.”

To many, failure is the end of the road. To fail means that you are incapable of success, but in reality, failure is the door that leads to success. In a company, the fear is to reward failure for fear that people will get the idea that the company is rewarding bad behavior. The key to failure becoming success is recognizing when mistakes become counterproductive and intentional. If a mistake is made due to a lack of experience or understanding, a leader should recognize that failure as a learning opportunity. They should not punish an individual for not knowing, because chances are that individuals limited knowledge came from the training and experiences that your business has given them. Let that sink in…

So, how do you create a company that learns from their mistakes, and uses those failures to gain success?

• ·       Build a learning culture
• ·        Learn how to detect failure
• ·        Analyze failures that have occurred – with an open mind!
• ·        Promote experimentation and try something new

In one of the motivational videos that were posted to the readings and videos for this week, there was a quoted that basically states that living life means that there will be risks involved. But that’s all part of success!

$100 Challenge Update:

It’s complete! I was able to reach my goal of making $100 dollars after only 4 babysitting services were completed. It was a great experience to “own” my own small business. I hope that as I go into the career world, I’ll be able to take the lessons I learned during this process and apply it to future experiences that I have.