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“I've often felt there might be
more to be gained by studying business failures than business
successes." -- Warren Buffett |
Steve
Jobs, who Fortune just named top CEO of the last
decade, has described how "fortunate" he
was to experience three traumatic set backs which all
contributed to his stellar success -- dropping out of college, his
public firing from Apple (which he founded) in the 1980's, and his
struggle with cancer.
Soichiro
Honda, founder of Honda Motor Co, writes, "To me success can
only be achieved through repeated failure and introspection. In
fact, success represents the one percent of your
work that results from the ninety-nine percent that is called
failure."
The Bottom
Line: Leaders don't 'waste failure' -- they learn from it,
rise above it and try again. |