Can your business succeed by failing intelligently?

'The first step in failing intelligently is to take responsibility'

clock • 4 min read

Darren Mead explores the concept of failing intelligently. Here he explains what it involves and how businesses and leaders can facilitate it...

According to research by the Standish Group, in a study of 50,000 business projects, 71% failed to meet key criteria for success. This figure rose to 94% in relation to large projects! That's a lot of failure going on and our natural reaction is probably to wince a bit on hearing that statistic. But is failure necessarily a bad thing? Or is it just an inevitable part of business growth and transformation? In his book, Failing Forward leadership author and coach, John C Maxwell, believes the latter. He considers that whilst most of us do our best to avoid failure, entrepreneurs on the ...

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