By Michael Lee, President & CEO, FinDec.
The negative consequences of failure in the business world can be catastrophic, but I’m a glass-half-full kind of leader, and I believe that falling short of goals can be beneficial to the health of an organization. Our tolerance for failure, our definition of it and our reaction to it can all be leveraged to enhance our work and make us better leaders.
The pass/fail structure of our education system—you either answered the questions correctly or you didn’t—has significantly influenced our definition of success and failure. Unfortunately, this either/or model doesn’t fit into our lived reality.