Achieving Success by Contemplating Failure
As business owners we are driven to achieve success. It is who we are. And it is why we are entrepreneurs; working harder than most with higher risk so we can experience that success.
Failure is anathema to our very being. But, by taking the precaution of contemplating failure we increase our chances for success. Harvard Business School Novartis Professor of Leadership and Management Amy Edmonson studies why businesses fail and suggests four questions you need to ask before starting a new venture in order to avoid failure. (more…)
Recognizing & Regaining Perspective
Is the glass half full or half empty? How you answer depends on your perspective. For someone who has always received a full glass and now is being told this is all the water available, this picture can be a perilous omen. On the other hand, someone lost in the desert might describe it as salvation.
Perspective is critical when making decisions within your company. A distorted perspective can lead to the wrong decision, sometimes with disastrous consequences. (more…)