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The Big Picture of Business – The Fine Art of Failure: Benefiting from Mistakes to Assure Success

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Success and failure… it’s a matter of perspectives. Out of every 10 transactions in our lives, five will be unqualified successes. One will be a failure. Two will depend upon the circumstances. If approached responsibly, they will become successful. If approached irresponsibly, they will turn into failures. Two will either be successful or will fail, based strictly upon the person’s attitude.

A 90 percent success rate for a person with a good attitude and responsible behavior is unbeatable. There is no such thing as perfection. Continuous quality improvement means that we benchmark accomplishments and set the next reach a little further.

Throughout our lives, we search for activities, people and meaning. We venture down roads where we find success. Other activities bring us failure… from which we learn even more what to do to achieve success the next time. We learn three times more from failure than from success. The longer that success takes to attain has a direct relationship to how long we will hold onto it.

7 Degrees of Failure… Plateaus in the Learning Curve

  1. Education-Growth – Didn’t know any better. Made some dumb mistakes, based upon incorrect assumptions, insufficient information or lack of sophistication to “see beyond the obvious.” Beginning to learn better approaches by analyzing the wrong ways of doing things.
  2. Evolution – Tried some things that worked and some that didn’t work. Beginning to understand that things do not fail without a reason or cause. Learns constructively from trial and error. Visualizing patterns of failure… as barriers to success.
  3. Experience Gathering – Circumstances within and outside your control caused the projects to fail. Learns which external factors to trust and which cannot be controlled. The importance of research, due-diligence and marketplace understanding surface.
  4. Grooming – The team let you down. Learns what you are capable of doing. Learns who to work with and in which capacities. Success-failure is a function of seizing-creating your own opportunities. No individual or organization can have success without experiencing and learning from failures.
  5. Seasoning – Understand outcomes before they transpire… and the myriad of failure-producing factors. Most people and organizations fail due to never having control over certain ingredients, improper planning and the inability to change.
  6. Meaningful Contributions – Attitude is everything, affecting the approach to problems. Develop attitudes, behaviors and skills as the motivator to create bigger successes.
  7. Body of Knowledge – Develop profound insights and life-long perspectives into the teachings of success and failure (learning three times more from failures than success).

7 Benefits of Success, Stemming from Failure

  1. Immediate Feedback – It is far better to succeed or fail. Not knowing where you’re going or how we’re doing causes us to make many more mistakes.
  2. Starting Over – Without being hampered by systems/processes that haven’t worked, you can create as you go. After you’ve done it, you feel richer for the experience.
  3. Learn What Not to Do Next Time – Gives you a clear frame of reference, assuming that you understand factors behind the failure, rather than blaming someone else.
  4. How the Pendulum Swings – One succeeds much more than one fails. By studying swings of the pendulum (likelihoods of failures), one better understands their progress.
  5. Failures Make the Best Case Studies – Case studies of success and failure form the basis for planning, improvement, training and other business practices.
  6. Lessons Learned But Not Soon Forgotten – One succeeds 5-9 times more often than one fails (depending upon the individual’s attitude, resources and insights).
  7. Qualities of Achievements – The more sophisticated the understanding of failures and their factors, the more successful in business and life one will be.

About the Author

Hank MoorePower Stars to Light the Business Flame, by Hank Moore, encompasses a full-scope business perspective, invaluable for the corporate and small business markets. It is a compendium book, containing quotes and extrapolations into business culture, arranged in 76 business categories.

Hank’s latest book functions as a ‘PDR of business,’ a view of Big Picture strategies, methodologies and recommendations. This is a creative way of re-treading old knowledge to enable executives to master change rather than feel as they’re victims of it.

Power Stars to Light the Business Flame is now out in all three e-book formats: iTunes, Kindle, and Nook.

The Advisor’s Corner – Can Ethics Be Learned?

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Can Ethics Be Learned?Question:

Can you teach ethics, or are we ‘hard wired’ and born with or without ethics?

StrategyDriven Response: (by Roxi Hewertson, StrategyDriven Principal Contributor)

YES you can teach the principles and importance of ethics. YES, you can model the ethics you expect within your culture. And… NO, you cannot be sure someone will behave and act in ethical ways just because you’ve taught or modeled ethics for them.

NO, we are not born with a particular set of ethics of what is right and what is wrong in every context.

And here’s why…

Whatever society you live within, its culture, your family, your peers, and the reward and punishment experiences you receive from all of them, shape your ethics. For example, consider China’s one baby ‘recommendation’ versus the Catholic Church’s no birth control edict. Each entity, made up of people, operating within their own culture, thinks they are doing the ‘right’ thing for the ‘right’ reasons. Therefore, what’s ethical in China is not ethical in Rome and vice versa.

We are so quick to pass judgment on other cultures’ ethics and ways of living and being that we might even convince ourselves that ‘those people’ whomever they are, are dead wrong, period. The reality is, their ethics are wrong based on your ethics. It’s just not as simple as we’d prefer it to be. This makes judgment about what is right and wrong a very personal issue and that means we aren’t born with ethics; we learn ethics.

Our personal values are formed in early family life and evolve as we get older. We might challenge our parents’ or cultural values or keep them. We may have an experience that shapes us and alters what matters most. Different stages of life may affect what we will ‘fall on our swords’ for.

And those values, whatever they are, drive our behaviors, even unconsciously at times.

For example: if integrity is high on my values list, I will pay far more attention to ethics than if my highest value is wealth. It’s that simple. And… If integrity and wealth are both on my top 5, then I will behave very differently in my business dealings than if they are not together in the top 5.

One more example:

Think about the ‘mafia.’ There are entirely different sets of ethical standards and ‘rules’ driven by different values and relationships. For ‘family’ life is precious. For strangers, life is indifferent. For enemies, life is worthless.

I believe we all know right from wrong within our own system and culture unless we have a very real mental health disorder that distorts reality. It is also clear that what is right for one culture, family, or society can be totally wrong for another. So if we are going to talk about ‘ethics’ we need to consider ethics within a cultural context and determine how much flexibility the culture we live within is going to permit before we deem something unethical.

In our workplaces, what is not acceptable behavior needs to be very explicit to everyone for all of the reasons we’ve just considered. If you want a workplace where your values and principles are honored and matter, then you must be crystal clear about what that means in decision-making, communications, and for managing relationships with people both inside and outside the organization.

About the Author

Roxi HewertsonLeadership authority Roxana (Roxi) Hewertson is a no-nonsense business veteran revered for her nuts-and-bolts, tell-it-like-it-is approach and practical, out-of-the-box insights that help both emerging and expert managers, executives and owners boost quantifiable job performance in various mission critical facets of business. Through AskRoxi.com, Roxi — “the Dear Abby of Leadership” — imparts invaluable free advice to managers and leaders at all levels, from the bullpen to the boardroom, to help them solve problems, become more effective and realize a higher measure of business and career success.

The StrategyDriven website was created to provide members of our community with insights to the actions that help create the shared vision, focus, and commitment needed to improve organizational alignment and accountability for the achievement of superior results. We look forward to answering your strategic planning and tactical business execution questions. Please email your questions to [email protected].

Tactical Execution Best Practice 7 – Clearly Defined Organizational Roles and Responsibilities

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StrategyDriven Tactical Execution Best Practice ArticleAll too often, duplicate effort is unknowingly expended by an organization’s various workgroups. Lack of organizational defined positional roles and responsibilities and/or work handoffs commonly result in employees unnecessarily performing highly similar if not the exact same activities. In some cases, workgroups may generate differing and conflicting outputs; in others, they may inappropriately change underlying application data such that hinders overall progress and propagates errors. Organizations clearly defining positional roles and responsibilities in standalone responsibilities matrices are better able to avoid these conflicts; releasing precious resources for the performance of value adding work and eliminating redundancy based errors.

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About the Author

Nathan Ives, StrategyDriven Principal is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.

Managing Talent in a Passion Driven Job Market

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I have not sought out nor come across any empirical data set that proves this, nor do I plan to. However, I have spent a lot of time hearing the same story over and over again. Many people are not excited about the work they are doing everyday. The last Forbes survey stated that four out of five people were not happy with their jobs. Four out of Five – that is 80%, which puts the 20/80 rule (that 20% of your efforts get 80% of the work done) into an entirely different perspective. Just think about that when you’re heading out the door and on the crowded bumper-to-bumper highway on the way to work. As you sit there, looking at your phone (when you shouldn’t be), look at the cars sitting there around you and realize, for every five cars, four of those drivers are not happy about going to work.

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About the Author

James RosseauJames Rosseau is the author of Success on Your Own Terms: 6 Promises to Fire Up Your Passion, Ignite Your Career, and Create an Amazing Life (Career Press, 2014). James is President of LegalShield Solutions, as well as co-owner of Christian Media Properties (www.HolyCulture.net).

The slight difference in thinking is money.

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Have you ever thought about the way you think? How do thoughts just pop into your head? How do you create an idea?

Most people take thinking for granted, or at least never look beyond the surface of what makes it happen. What are the triggers for your thoughts? Are you a reactive thinker or an original thinker? That’s an interesting thought all by itself.

You watch the news, and you have thoughts about it – that’s reactive. When an idea about something you’ve been working on enters your mind – that’s proactive.

All of a sudden, proactive thinking seems better. But reactive thinking is the norm. The great thinkers of the world are all proactive. That should be your first clue.

My personal development, and real creative thinking, began when I read Think and Grow Rich, by Napoleon Hill, in 1971. Actually I did more than read it; I devoured it, reread it several times, studied it, and then applied it to my life.

Think and Grow Rich impacted me and led me to all the other works of Napoleon Hill. Most notable to me are How to Sell Your Way Through Life (the best sales book of all time), and The Master Key to Riches (the follow-on elaboration of Think and Grow Rich). Hill filmed The Master Key to Riches and as I was watching it again last week, I thought this below piece was worthy enough to share with you. It’s about thinking, or should I say accurate thinking, or should I say YOUR accurate thinking.

Here are Hill’s exact words (keep in mind this was written 60 years ago)…

Rules for Accurate Thinking by Napoleon Hill

Now I will give you seven rules to follow which, if you memorize them and follow them as a daily habit, may bring you top-rating as an ACCURATE THINKER.

1. Never accept the opinions of other people as being facts until you have learned the source of those opinions and satisfied yourself of their accuracy.

2. Remember that FREE ADVICE, no matter from whom it is received, will bear the closest of examination before it is acted upon as safe, and generally speaking this sort of advice is worth exactly what it costs.

3. Alert yourself immediately when you hear anyone speaking of others in a discourteous or slanderous spirit because this very fact should put you on notice that what you are hearing is BIASED to say the least about it, and it may be out and out misstatements.

4. In asking others for information DO NOT DISCLOSE TO THEM WHAT YOU WISH THE INFORMATION TO BE, because most people have the bad habit of trying to please under such circumstances. Well measured, tactful questions can be of great benefit to you in THINKING ACCURATELY.

5. Remember that ANYTHING WHICH EXISTS ANYWHERE THROUGHOUT THE UNIVERSE IS CAPABLE OF PROOF, and where no such proof is available it is safer to assume that NOTHING EXISTS!

6. One of the great inexplicable miracles consists in the fact that both truth and false-hood, no matter by what means they may be expressed, carry with them silent, invisible means of identifying themselves as such. Therefore, remember this truth and begin developing the necessary intuitive faculty to enable you to “sense” what is false and what is true.

7. Follow the habit of asking “HOW DO YOU KNOW?” when anyone makes a statement you cannot identify as true. Follow this habit faithfully and you will see many persons squirm and turn red in the face when you insist upon a direct reply.

The most ACCURATE THINKERS are the scientists. They investigate with open minds and never allow their WISHES TO BECOME THE FATHERS OF FACTS, but deal with each fact as it is – not as they would like it to be.

Now, one final word of warning I feel I should leave with you: STUDY YOURSELF CAREFULLY AND YOU MAY DISCOVER THAT YOUR OWN EMOTIONS ARE YOUR GREATEST HANDICAP IN THE BUSINESS OF ACCURATE THINKING. It is easy to believe that which you wish to believe, and unfortunately that is precisely what most people do!

It’s interesting the way that Hill distinguishes between fact and fantasy, true and false, logic and emotion, and accurate and inaccurate.

It’s about challenging your own thinking, and having the courage to challenge others about their thinking. It’s about doing so in a positive way, and challenging yourself to rely on your senses, not just your beliefs.

‘Think’ is a very powerful word in our language, and it’s an even more powerful action. I recommend that you set aside at least 10 minutes a day to think. Put it on your calendar. Daily. Document your thoughts, and then put them into action.

When you dedicate time to yourself, and have a relaxing, creative atmosphere that allows you to dig deep into your own thoughts, and you have some recording device or keyboarding device to document your thinking and your thoughts, after a few months you will begin to blossom as both a thinker and a person of action.

You will begin to feel your genuine power. Thought power. And that power will manifest itself into stronger relationships, stronger sales, and a stronger bank account.

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.

About the Author

Jeffrey GitomerJeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].