“Failure is success if we learn from it.”  — Malcolm Forbes

People excel by trying, failing, learning, trying again and succeeding.  Leaders create a culture of active learning where risk is a part of the training regiment.  Thomas Watson, the founder of IBM, was such a leader saying, “If you want to succeed, double your failure rate.”  Jack Welch writes, “I’ve learned that mistakes can often be as good a teacher as success.”

Duke University’s remarkably successful basketball coach Mike Krzyzewski (“Coach K”)  writes, “Not every failure or loss is devastating.  It is part of the building process.  Sometimes a loss can be a win.”

The Bottom Line:  Leaders are not threatened by temporary losses but see them as future gains.