“The most significant implication of this study…is that organizational leaders should neither ignore failures nor stigmatize those involved with them…rather leaders should treat failures as invaluable learning opportunities, encouraging the open sharing of information about them.”
Organizations learn more from failure than success, study finds; Knowledge gained from failure lasts longer
…failure is a far better teacher, and organizations that fail spectacularly often flourish more in the long run…
Desai’s research,….focused on companies and organizations that launch satellites, rockets and shuttles into space — an arena where failures are high profile and hard to conceal.
…organizations not only learned more from failure than success, they retained that knowledge longer.
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