Make Sure You Learn from Your Mistakes
Continuing
to grow and innovate means taking risks, which naturally involves
making mistakes. But mistakes don’t mean a leader should discourage
experimentation. Rather, leaders should encourage people to take time to
understand why mistakes happened in order to minimize them in
the future. Trace previous mistakes back to their roots to identify the
causes and what can be done differently next time. Use role-playing
exercises, debates, or even formal business war games to think through
how a new strategy might play out differently. Try to look at things
from a competitor’s point of view to factor in a new perspective.
Mistakes are inevitable and can be costly, so don’t waste them — learn
from them.
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