What's there to learn from Business Failure?
This is a question I asked my Trainer friends often, without ever receiving a satisfactory answer: Why isn't there a course on understanding failures? Business failures are more common than business successes. Failures teach more - 'double loop learning' is what the learning theorists would say - and understanding what not to do is indeed the bedrock of a sound strategy. Yet, while various trainers sweat out in the endless quest of differentiating themselves, they all offer different formula of success - this method or that, always fool-proof, always the only route to success - no one wants to talk about failure. Why? Apart from the explanation that talking about failure would be bad omen, there are hardly any good explanations for this rather inexplicable omission. That Business Executives don't want to talk about failure is wrong: Read any business book, and the narrative is often structured as a struggle, that things got worse before it got better! It i...