Contrary to popular perception, some of the best of business leaders are those who have faced massive personal, academic or professional failures in the past. A study was conducted by gh-Smart, a leadership advisory probing CEO candidates. It was found out that nearly half of them faced massive failures in the past but more than three-fourths of them ended up with the top job in the business. Examples of failures include faulty software implementation leading to incorrect billing, poor handling of key stakeholder or botched talent recruitment efforts. It was found out that those who had faced hardships tended to be better in four particular attributes which are decisiveness, reliability, capacity at impactful engagement with colleagues and adaptability. Some of the most successful organizations worldwide such as Toyota are the ones who embrace failures and learn from them.


Uploaded Date: 18th May 2017

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