Michael Hyatt has a great post on From Where I Sit called Turning Failure to Your Advantage. He gives four guidelines to deal with failure:
- Acknowledge the failure
- Take full responsibility
- Mourn the failure
- Learn from the experience
Its funny, these are very basic steps but we miss them all the time. I was talking recently with a leader about a failure within his organization. He said the worst part is that the one responsible for the mistake wouldn't learn from it because they refused to own their own error. In this case there was really no choice but to make a change.
Failure can be a great teacher, but you have to show up for class.