Failing at Failure

The entire April 2011 issue of Harvard Business Review (hbr.org) is devoted to the topic of failure.  Here are two excerpts from that issue:

First, from the editor, Adi Ignatius:

"One mantra of modern business is that nothing is a better teacher than failure.  For some entrepreneurs, it is virtually a badge of honor to have stumbled, even spectacularly, on the way to success.  Most of us, however, find it hard to draw useful lessons from our missteps.  We tend to fail at failure."

Second, from Rita Gunther McGrath:

"Build a culture that celebrates intelligent failure.  People often fear that their career prospects will be in trouble if something goes wrong on their watch.  (And, of course, they are often right!)  Senior managers need to create a climate that encourages intelligent risk taking and doesn't punish any failures that result. 

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